Economy

Along with the policy of accumulating budget deficits and refusing to implement reforms, between the first and second readings of the budget law, a good idea emerged, albeit rather timidly – that at least the money of the poorest does not belong to the state. Although they will not be exempt from …

During my meeting with Ibrahim Al Muhanna, the chief advisor to the Saudi Arabian oil minister, I noticed that the book on his desk was “The Quest” by one of the great energy analysts, Daniel Yergin. His spacey discussion of hot topics in global energy is often …

A song sang that “the revolution will not be broadcast on television” (la revolucion no se televisara), but last week we saw Bulgaria losing its sovereignty on television. In a festive atmosphere and high spirits, Alexey Miller, the CEO of Gazprom, and the Prime Minister of Bulgaria, Plamen Oresharski, …

In recent weeks, a major topic of contention in American politics has been the enactment of a new health insurance system – the so-called Patient Protection and Affordable Care Act (better known as Obamacare). In short, under this system, the federal government obliges every American citizen to purchase health insurance, and in addition …

While the focus of public attention is concentrated on the occupations in universities, the socialist government – quite expectedly – is focused on implementing anti-market reforms. The amendments to the law on medicinal products in human medicine adopted at first reading create conditions for limiting competition in the supply of medicines, and …

With the onset of the Great Recession, European Union (EU) governments loosened their purse strings and let automatic stabilizers operate, predictably swelling their budget deficits in the hope that rising public spending would get the economic engine going again. But the obstacles to growth in most EU economies are always …

We use the rostrum of the EKIP to invite you to the first regional conference of European Students For Liberty in Bulgaria. All visitors will have the opportunity to listen to lectures and discuss topics from the fields of economics, politics, philosophy, ethics and many others with our guests and speakers. The event will feature the following speakers: …

The media loves to overexpose events attended by the leaders of major oil and gas producers. Geopolitics, spheres of influence and interests are immediately discussed. The Gas Exporting Countries Forum (GECF) summit in early July was no exception. Once again, the thesis that gas producers are aiming …

Everyone knows about the record government spending, but the result is not in reality. Over the past 5 years, the political elite has successfully recreated the dream environment described in more than one or two generations of economics textbooks by implementing record-high fiscal and monetary stimuli. However, the positive results are not just late, they remain too …

The actions and statements of the first hundred days of the government have made it clear that the cabinet intends to spend more than the previous one. However, the question of where the financing of the bloated public spending will come from has not been answered unequivocally.