Economy

In recent months, the state of the Chinese economy has been one of the most discussed topics in the business media. The bursting of the Chinese stock market bubble was one of the most discussed news stories this year, along with the decision of the Chinese central bank to cut interest rates to record lows. It seems that the Chinese economy …

Since coming to power in 2003, Brazil's Workers' Party has pursued an economic policy of creating wealth through increased public spending. Until the end of 2010, this model seemed to be working successfully. Government spending rose, consumer demand rose, and economic growth accelerated at an extremely rapid pace.

Yesterday it became clear that the Supreme Administrative Court upheld the decision of the Commission for the Protection of Competition to impose a fine of 200,000 leva on the company Uber, as well as to prohibit it from practicing its activities in its current form. The decision was made on the basis of Art. 29 of the Protection of …

Last week, during the national campaign "Economy in Light for a Better Future", organized by the Confederation of Employers and Industrialists in Bulgaria (CEIB) and the Confederation of Bulgarian Trade Unions, Finance Minister Vladislav Goranov announced that "in the 2016 Budget, hundreds of millions more will be allocated for secondary education". Here we will look at the macro environment in which ...

Just over a week ago, the entire government launched a campaign against smuggling, and more specifically against fuel "fraud" (in quotes, because it turned out that violations occur at about 2% of gas stations). It was heavily garnished with advertisements sponsored by the Ministry of Finance, convincing us that without government taxes...

After the summer break, the deputies returned to parliament, enthusiastic about interfering in our lives and picking our pockets. But those who voted for the parties in parliament should not frown – because they chose the authors of the reforms, the problem is that along with the dry land, there are fires...

Yesterday, the deputies finally adopted legal changes indicating the creation of the long-discussed National Health Card and selectivity of the NHIF in terms of which hospitals it will conclude a contract with. The new reform was enthusiastically welcomed by the ranks of the Reformist Bloc, while the opposition was firmly against it. The goals of the reform The first of them …

On this day 71 years ago, Bulgarian communists staged a coup d’état and seized power in Bulgaria. Today, their successors once again celebrate the “bright holiday,” trying to convince us of what an achievement communism was for Bulgaria. Let us recall this chapter in the country’s history. The red narrative of the events is that …

In the middle of last week, it became clear that, as almost every year, unions and employers have reached an agreement to increase the amount of social security contributions. It will affect 39 industries, employing 956 thousand people. Social Minister Ivailo Kalfin indicated that the remaining industries have a deadline to agree on their increase by …

In recent days, we have witnessed a sharp sell-off in global stocks. The negative trend in Asia, led by the stock market crash in China, has also spread to the capital markets in the US and Europe. The speculative bubble in the Chinese stock market is starting to deflate, and monetary authorities are doing everything they can to …