| Full text of the analysis | Bulgaria introduced the rules for imposing a global minimum tax on large multinational and national groups of enterprises at the very end of 2023. This happened after the traditional long delay in the Bulgarian legislative process, lack of open public discussion and changes in the voted texts "on ...
More »How builders could protect themselves from drastic changes in market conditions
Author: Georgi Vassilev, attorney at law firm "Benov, Vassilev and Natskov" "Builders stop selling greenfield properties", "Because of the jump in prices, greenfield property deals are stopped", "Shock for the property market! Greenfield deals are stopped" - these and other similar headlines have abounded in the media space over the past few months. The reason for …
More »The new regulations on food in retail chains are insane
Yesterday it became clear that the Ministry of Agriculture and Food is considering a new regulation that will force stores in the country to sell only local (Bulgarian-made) products on at least 50% of their space. In addition, all stores will be obliged to purchase these goods only from producers located in their …
More »Business managed to briefly reorganize against the pandemic
Author: Rosen Sharkov Since the beginning of the coronavirus crisis, businesses around the world have been changing their concepts and ways of working and joining the common fight against the pandemic. An example of this in Bulgaria were textile factories that began producing clothing and masks such as – …
More »Why should we NOT raise dividend tax?
Last week, the Confederation of Bulgarian Trade Unions (CITUB) announced a proposal for restructuring the tax system in Bulgaria, which includes 9 measures for “fairer” taxation. Of course, coming from their side, “fairness” means an increase in the tax burden. The unions are proposing a number of reforms to the system, most of which are the introduction of new and increases in old taxes – …
More »Are we playing against ourselves when we give up economic freedoms? - Part I
The lack of a moral compass is a correctable evil. The ability of a person to develop and make mistakes, without this being accepted as his only and final state, helps us develop as people and as individuals. However, in order to continue to develop, we must take on …
More »S2E5 - Successful Business with Ivaylo Penchev
In this episode: - How to defeat 90s pussies? - Is it difficult to do global business in Bulgaria? - What is business responsible for and not responsible for? - What is Ivaylo Penchev's management philosophy? For greater convenience, we recommend downloading the podcast audio by clicking on the button …
More »The harms of the minimum wage and its increase
Author: Martin Tarpev From January 1, 2019, the state made a gift to lower-skilled workers by increasing the minimum wage to 560 leva. Many people are accepting this measure with applause, which on a more abstract level seems normal. Who doesn't want to receive more money? Beyond rosy economic dreams …
More »Quotas for the humiliation of people with disabilities II
Surprise? Or not? The state nevertheless introduced quotas for hiring people with disabilities. Now we are waiting to see what will happen. There will definitely be distortions in the market. Read my opinion on this in my previous article regarding quotas for people with disabilities. Here I will touch on other aspects of the topic, for which …
More »Several arguments against the Price Surcharges Act
On 31.10.2018, the National Assembly (“NA”)[i] submitted a Bill to supplement the Consumer Protection Act from a group of MPs from the United Patriots group, which gained wide popularity on social networks under the name “The Law on Surcharges”. Following Valeri Simeonov’s statements about children with disabilities and their mothers …
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EKIP– Expert Club for Economics and Politics A Different Opinion