Bulgaria

The Banking Union creates incentives for decapitalization and destabilization of our banking system. The Banking Union would most likely not help restructure local banks. Bulgaria no longer has its own bank resolution fund. In such a situation, the cost of bank bankruptcies falls through the budget onto Bulgarian taxpayers. On October 1, 2020…

In the famous essay "What is seen and what is not seen" by the French economist Frederic Bastiat, there is a brilliant insight. It is that every action in the socio-economic sphere has visible but also invisible consequences. The invisible are events or processes that did not happen because of the undertaking of one or …

The title is a quote from the Report-Analysis of Quality, Defects and Complaints at the Electric Transport Plant "6th September" - Sofia. The document dates from the second half of 1961. It is an internal attempt by the plant to identify organizational, technical and other shortcomings in the production of electric forklifts. With the help of authentic archival sources from the end of …

About a month ago, the Bulgarian online media outlet “Factcheck.bg” published an article with the following title: “Bulgaria in the Eurozone: Between Misconceptions and Facts”. Under the guise of combating disinformation, the author of the article, Yordan Barzakov, claims to be debunking “myths” about the “negatives of eurozone membership”. The introductory paragraph of the text is eloquent: “The closer it gets …

The socialist economic model was imposed on the Bulgarian countryside between 1948 and 1958. The process is known as collectivization. Labor Cooperative Agricultural Farms (TCAF) were created by force, into which land, livestock and equipment were taken. Over the years, they were enlarged, restructured, renamed, etc., but their essence was not …

My position against the adoption of the euro and the corresponding national plan is based on the following main arguments. 1. Keeping the national currency does not mean a worse economy. Sweden is a good example of this. - Sweden's economic growth since 2003 has been between 1.5% and 3%, i.e. higher than that of the eurozone. …

OPINION From: Expert Club for Economics and Politics (EKIP) Subject: Draft National Plan for the Introduction of the Euro in the Republic of Bulgaria DEAR LADIES AND GENTLEMEN, In connection with the published draft National Plan for the Introduction of the Euro in the Republic of Bulgaria (Plan), we express the following opinion on behalf of the Expert Club …

"Waiting for Godot" is a popular play by Samuel Beckett in which nothing happens. Two tramps wait for a certain Godot who never comes. Waiting for someone and/or something that never comes is an apt metaphor for the relationship between rulers and society. Politicians and bureaucrats are …

Stoyan Panchev's interview with Trud newspaper: The early parliamentary elections were marked by low interest and minimal surprises in the results. No party won outright. No potential coalition was given enough room for action. Slavi Trifonov's party presented a draft cabinet, thus leaving potential partners …

Different views on the (re)organization of society are promoted with different labels. Probably the most widely used are left and right. They should briefly explain the essence of proposed reforms and policies, and help identify the political opponent. In this text we will read the views of a Bulgarian “right” from the 1930s and early …