Let's make ourselves interesting for Schengen too. Recent Bulgarian governments have made great efforts to enter the Schengen area. At the same time, although we have met the nominal criteria for securing the borders to the required standard, our country's candidacy is being used as a tool for conducting internal policy by some European …
More »The new norm in financial markets?*
Something strange has been happening in the financial markets lately. Despite the deepening debt crisis in Europe and the threat of a slowdown in emerging economies, led by China, the bulls have been gaining ground in the stock markets. Since November 21, 2011, the S&P 500 index (consisting of 500 large American companies) has …
More »Currency wars
On January 16, 2012, Yavor Alexiev was a guest on the show Boom & Bust on Bulgaria On Air. [youtube]SEff1xCe3cc[/youtube]
More »World Bank forecasts for Bulgaria in 2012
Cheap sometimes turns out to be expensive
When it comes to debt problems, Greece is probably the first country that comes to mind lately. Debt problems, however, should not be associated solely with the state. Hungary may enjoy significantly lower levels of debt than Greece, but on the other hand it has debt …
More »The great example of a small country - New Zealand
In just two decades, New Zealand has managed to establish itself as one of the most attractive destinations in the eyes of international investors. As a result of its consistent policy of liberalizing the economy, the island country, rich in natural resources and distinguished by enviable economic and political stability, has managed to give a new …
More »Caretaker governments in the EU
Borislav Shterev It has long been no secret to anyone that the prospects for the euro are deteriorating with each passing day, and the leaders of the leading economies in the European Union cannot unite around a single strategy for exiting the crisis. Options for leaving the eurozone and eliminating …
More »The unbearable lightness of laws*
On Monday, the third issue of the Legal Barometer (a civil initiative for periodic monitoring, analysis and assessment of the state and development of the legal order in Bulgaria) was presented. The project is implemented by the Center for Legal Initiatives Association with the support of the America for Bulgaria Foundation. After a year and a half of systematic monitoring and analysis …
More »Is Europe powerless against credit rating downgrades?*
The rising wave of credit rating revisions of a number of European countries and financial institutions has sparked heated debates about the objectivity and reliability of credit ratings as a tool for guiding investment policy and determining solvency. Somewhat paradoxically, credit rating agencies are currently being criticized for doing this, for …
More »Education and knowledge economy
The world is moving inexorably towards a future based on a knowledge economy. Peter Drucker (in his book The Age of Discontinuity) popularized the idea that the most valuable resources will be technological and business know-how, combined with a strong entrepreneurial spirit. With these “ingredients” the highest value-added products are created - the same ones that are …
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EKIP– Expert Club for Economics and Politics A Different Opinion