Macroeconomic Monitor
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Bulgaria

"Translation" of Prime Minister Borisov's briefing from yesterday

Author: Georgi Georgiev I will allow myself to make a "translated on air" of Borisov's "thoughts out loud" from yesterday. 1. He loves the state, he does not want it to collapse out of stupidity. Let it be understood: those in the square do not love the state and aim for destruction. This ...

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Danail Kirilov and the despair of being ruled by simpletons

Unless you live with your head buried on a beach, you can't help but notice the most talked-about topic of the last few days - the public "action" of the leader of Democratic Bulgaria Hristo Ivanov, in the luxurious property in Rosenets Park, which is said to belong to the well-known builder of modern Bulgaria - ...

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Tobacco Harm Reduction: A Review of Regulatory Frameworks and Innovation

| Full text of the analysis | According to data from the European Commission, Bulgaria ranks first in the number of smokers in the European Union. Despite a small decline in recent years, about 40% of the population still uses tobacco products. The socio-health and economic costs associated with their use are increasing annually, despite attempts to limit them …

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I will forever remain a leftist.

Author: Yoan Zapryanov The bottom, as every Levski supporter knows, is an abstract concept. I used to think, for example, that our elimination from Bate Borisov was the bottom. Or the one from Spartak Tarnava in one half. Or when we lost the title in the last match with an own goal, and a week before that we had lost and …

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A state-owned gas station is a mockery of taxpayers

government gas station

Last week, the government announced its intention to create a state-owned gas station that would sell fuel at low prices. The brilliant idea immediately made the rounds in all the media, with comments on the subject being a mixture of mockery and genuine bewilderment. And rightly so. It’s hard to fathom who would think this was a good …

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Order without a state

In the mid-19th century, the French economist Frédéric Bastiat gave perhaps the most brilliant definition of what a state is. It is “the fiction by which everyone wants to live at the expense of everyone else.” At the same time, another French-speaking economist, Gustave de Molinari, wrote an article in which he questioned the state’s …

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The life of a Sofia resident in 2021

Author: Petar Ivanov You are woken up by the bass clatter of a cango, a hammer or something similar. It is 2:15 PM, but you are used to it, you practically use it as an alarm clock. The craftsmen building the third overpass in front of the apartment building finish their coffees around this time every day and get busy with their public works. The TV is abandoned …

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Who gets the most money under the government's 60/40 program?

60/40

Among the owners and managers of the largest beneficiaries of 60/40 are individuals such as Kiril Domuschiev, the wife of Tseko Minev, a former deputy and former mayor of GERB. In recent days, the most recent data from the National Social Insurance Institute on beneficiaries of state aid under Decree 55 of the Council of Ministers has made headlines. Decree 55 was adopted on …

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Does the credit rating show anything useful at all?

A few days ago, the credit rating agency Fitch maintained the current assessment of Bulgaria's government debt, but adjusted the "outlook" downwards from "positive" to "stable". This means that Fitch does not believe that in the foreseeable future (most likely by the end of the year) there will be conditions for improving the categorization of the government debt.

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