inflation

As the winter season approaches, the economic outlook is becoming increasingly bleak, both for Bulgaria and for the whole of Europe. Data shows that gas storage facilities in the European Union are filled to relatively satisfactory levels and natural gas prices have started to decline. However, recession seems inevitable in a number of key European economies, led by …

| Full text of the analysis | In the conditions of a historic inflationary and energy crisis in Europe, the state and development of the Bulgarian economy is of particular interest. The almost unprecedented economic circumstances in which we find ourselves require more careful and in-depth regular analyses of the macroeconomic situation in the country, in order to build …

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 …

The ideas and historical events discussed in this article can also be seen presented in this video. Speculation, in the words of economist Assen Hristoforov, is an action by a producer, entrepreneur, or trader "with the intention of realizing more than normal profits in a relatively short period of time thanks to the special state of the market." …

Russia's invasion of Ukraine has shocked the world not only politically but also economically. The sanctions imposed in response to the war are almost unprecedented in their scale and scope and could lead to an economic divide deeper than that of the Cold War. The war and the sanctions will …

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 …

The transition from a currency board to a conventional monetary policy (the euro, for example) will, all other things being equal, contribute to an increase in the inflation rate in Bulgaria. Not only an initial change in prices as a result of rounding can be expected, but also a permanently accelerated inflation due to the change in the monetary regime. In all countries, …