Bulgaria

On October 29, 1940, from the rostrum of the XXV Ordinary National Assembly, the deputy from the government majority, Gavril Lenkov, declared: "if it is necessary to enrage the speculators in Bulgaria, we are ready to legalize this sanction." The context of his threat is important. After the start of World War II in September 1939 ...

The historical realignment[1] in the political philosophies of parties across the Atlantic and in Europe is in full swing – hawkish socialists against Russia, pacifist and isolationist conservatives, right-wing protectionists and left-wing defenders of free trade and international agreements, modern left-liberals against local heavy industry and covering up blue-collar unionists and modern right-wingers in …

The inflation crisis in the country (and the world) is deepening and looks set to continue to deepen in the coming months. The war in Ukraine and the economic sanctions imposed by the European Union on Russia have reinforced the already strong inflationary trends and are leading to a shock increase in the prices of a number of raw materials – food, energy and industrial (for …

Boyko Borisov and his power apparatus are the main obstacle to the ongoing processes of political realignment in Bulgaria[1]. For and against the Gerbadzhi domination is our, local division, which even today manages to unite in one camp forces with opposite attitudes to the new main dividing line in countries with a Western-style policy …

The year 1947 in Bulgarian history is associated with the implementation of an important monetary reform. It is part of a chain of profound and comprehensive changes that led to the establishment of a Stalinist economic and socio-political model: nationalization of industry, adoption of a new constitution, elimination of the parliamentary opposition, collectivization of agriculture, etc. The important lessons …

In 1928, with these words, the Bulgarian economist G. Toshev characterized paper money in conditions of inflation. His definition was the result of the experience gained during the First World War (1914-1919) and after it. This was the first clearly outlined inflationary wave in the history of post-liberation Bulgaria. The monetary system of …

“Inflation is taxation without legislation” – this phrase, uttered by the American economist Milton Friedman, is universal and valid for every period of inflation from the past to the present. Another part of his thesis is that inflation is a purely monetary phenomenon, or more clearly – when too much money …

At first glance, monetary relations are not the most suitable environment in which honesty and trust thrive. Again, at first glance, when it comes to money, the selfishness and greed inherent in everyone are exposed. However, the intuition at first glance is not accurate. In order for money and the institutions related to it to exist, a certain …

Author: Vasil Kanev The case with the Republic of North Macedonia is becoming increasingly urgent, and no solutions are being proposed, despite the changed approach of the new government. Why is the Bulgarian side not understood, what are the Bulgarian interests and what can we change to protect them and resolve the case? I define myself as a patriot, …

The debate for or against adopting the euro concerns the fate of the leva as the Bulgarian national currency. From this point of view, it seems logical to support the opinions expressed with arguments from the monetary past. The monetary history of Bulgaria is a matter that does not lend itself easily to a short and meaningful presentation. It …