economy

"Taxes are theft." You may have heard similar statements made or shared by your libertarian (or classical liberal) acquaintances. Is there any logic behind this statement, though, or is it just another hollow political slogan? Let's start with a thought experiment. If a robber threatened you with a gun...

Highlights: - Inflation continues to accelerate, most noticeably in manufactured goods. - In February, retail growth in Bulgaria continues to outpace that in the EU. - Industrial production is growing again, with sales in the extractive industry growing at the highest levels since 2011. - The construction sector is starting to emerge from the prolonged period of …

On this day of reflection, I address this letter to you, the right-wing voters. Those of you who share the principles of the right, such as more freedom and responsibility for citizens and less interference and control from the state. And even more specifically, those of you who once again convinced me to vote, even though there is no …

Highlights: Retail trade data indicate that consumption growth is accelerating, likely driven by higher levels of household lending Industrial production and turnover fell year-on-year in January, but mainly due to a base effect Consumer price inflation continues to accelerate, but lags slightly behind …

Highlights: Data indicate faster growth of the Bulgarian economy towards the end of 2016. In December, production in the manufacturing industry on an annual basis grew at the fastest rate since 2011. Growth in industrial turnover reached the highest rate in the last 21 months. Retail trade grows at a strong pace, stimulated by the Christmas holidays…

During the 2016 US presidential race, both Donald Trump and Bernie Sanders emerged as advocates of protectionism and expressed clear support for expanding tariffs and other trade barriers imposed on imports, with both arguing that free trade policies lead to job losses...

Dear readers, We at EKIP believe that in order for a society to be free and able to navigate the contemporary economic and political situation, it must first and foremost be informed. That is why we have decided to start a new monthly column "Macroeconomic Monitor", in which we present an interactive graphical overview and …

Vladimir Karolev and Stoyan Panchev on the right, the state and forecasts. Vladimir Karolev is a financier, macroeconomist, lecturer and pundit.

Record sales of US government securities by central banks around the world. The Chinese central bank is selling massively from its foreign exchange reserves, the Russian, Brazilian, Taiwanese — too. Although China is still the leader in holdings of US government securities for 1.4 trillion, it has thinned them by 200 billion dollars since August. The net …