Economy

Today, the first state budget prepared by the government of the so-called "Coalition of Change" will be submitted for discussion in the National Assembly. Expectations, especially for the party that leads the coalition and controls the Ministry of Finance - "We Continue the Change" - are high. GERB governments, especially the last one, deservedly do not have a very good reputation ...

The annual lost economic benefits (in 2019) associated with cigarette smoking amount to 4.4 billion BGN or 3.7% of GDP; Estimates show that smoking increases the risk of coronary heart disease (2 to 4 times), stroke (2 to 4 times), lung cancer …

The Bulgarian energy sector is in a special state, which according to Assoc. Prof. Krasen Stanchev[1] can already be called a crisis, while according to former Prime Minister Ivan Kostov[2] it is pre-crisis. The facts are that Bulgaria is still a significant producer and exporter of electricity, but, due to foreign policy circumstances, a significant share of our …

One of the important questions about the social order is whether ideas determine the actions of the authorities or do the representatives of the authorities order the ideas they need? The question, posed in this way, is so general that any answer can be both right and wrong. There are enough world authorities who take opposing positions, …

Author: Stilgar This is the fourth part of our series "What is Bitcoin?". You can read the previous parts here, here and here. In the last part of the series, we posed the main problem that blockchain technology solves in the field of digital currencies - "double spend". But what would the so-called "double spend" attack actually look like...

Acting Finance Minister Valeri Belchev "corrected" himself on Friday and revealed that the deficit in his ministry's planned state budget for 2022 will actually be 5.1% of GDP, not 2.9%, as he initially said a week ago. I recall that at that surprise press conference, the minister did not know what the parameters of the main ...

Author: Stilgar This is the third part of our series "What is Bitcoin?". You can read the previous part, which explains the cryptography behind cryptocurrencies, here. Suppose we want to make electronic cash and we are armed with cryptography. The first, most natural idea is to have a bank and everyone has an account there. With …

The date is 08.03.2019. The then businessman - Mr. Asen Vassilev, publicly claims that the effective tax on a salary of 3,000 leva in Bulgaria is nearly 50%. In this calculation, Mr. Asen Vassilev also adds the social security contributions due with the clear understanding that this money is being spent on "one big theft, garnished with ...

This weekend, the negotiations for a government between "We Continue the Change", "There Is Such a People", "Democratic Bulgaria" and the "Bulgarian Socialist Party" ended. Or at least the public part of them ended - the one that was broadcast live on the Internet. From what we saw, the negotiations generally went in relative harmony between the positions of the individual parties. Some …

Author: Stilgar This article aims to introduce non-programmers to how Bitcoin works on a technical level. How is it possible that there is no central server and no one controls it? Although the explanation is simplified, this is not a text with inaccurate metaphors, but a serious description with mathematics. Although …