Economy

Last week, Finance&Development (F&D), a magazine published by the International Monetary Fund, became a favorite reading for leftists around the world. Trying to ignore what was happening in Venezuela, the fans of the planned economy began to spread the F&D article, bearing the very significant title “Neoliberalism: Overrated?”[1], rubbing their hands in satisfaction that you see …

Opinion* To: Bulgarian Libertarian Society Subject: The creation of common technical pools in private insurance funds and the elimination of individual accounts during the payment period and the right of inheritance for second pensions according to the draft Law on Amendments and Supplements to the Social Security Code published by the Ministry of Finance of the Republic of Bulgaria …

Last time before Christmas, this time before Easter, there is apparently some connection between the pension reforms of the Ministry of Finance and the biggest Christian holidays. A week before Good Friday, the Ministry of Finance published a bill for an extremely radical reform of the second pillar of pension insurance. According to Minister Goranov, this reform would solve the problem of serious …

Close your eyes and start imagining. Imagine that you have been working for years and conscientiously paying taxes and social security contributions, although at certain times you do not like how the state disposes of them. Despite everything, you continue to believe that things will get better. Imagine that you are putting money into your own …

Business forecasts about the future state of the economic climate have a significant impact on investment in an economy. Theoretically, increased economic uncertainty invariably leads to a decrease in investment activity (Bloom 2014 and Jurado et al. 2015). However, its quantitative measurement is a difficult undertaking. Economics uses an extremely diverse set of methods to …

April is already a traditional time for scandals related to offshore finance and tax evasion to erupt. Exactly three years ago, we were talking again about leaked information from a consulting firm in the so-called "Offshore Leaks" affair, where incriminating documents came from the British Virgin Islands instead of Panama. Back then, it was about …

Overture If you have ever entered a website for online shopping with goods from third countries (i.e. other than the member states of the European Union, or let's put it bluntly - the Far East) and been tempted by the huge variety and relatively low prices, you have decided to save a few leva or enjoy...

Turning to the market In Sweden, a country known for its generous welfare state that has been severely cut in recent years, a phenomenon is being observed that is unlikely to please those Americans who believe that the answer to the problems of Obamacare (b.p. – the popular name for the Affordable Care Act, introduced by President Obama, obliging …

In recent weeks, the possibility of returning compulsory military service for all adult males in Bulgaria has been increasingly seriously considered. This is an idea that has long seemed to have captured the public imagination and is receiving fairly broad support among the Bulgarian people. Is this support justified, however? Will …

Last week, Reuters reported that the government had selected the managers for a new government debt issue worth a total of 3.9 billion leva. As a right-wing economic thinker who views budget deficits financed by debt as extremely harmful to an economy, I could not pass up this …