In this article, I intend to shock you. I hope to achieve this by telling you in plain language that our pension system is practically bankrupt. And I will repeat it several times to get it into your head. Bankrupt and therefore in need of urgent reform – transition …
More »EKIP in the media about corporate tax, Budget 2019 and urban planning of Sofia
October was another month in which the TEAM actively participated in the public debate in Bulgaria. Our experts were sought after by the media on a variety of political and economic topics, and our report calling for the abolition of the corporate tax enjoyed particular interest. In the first week of October, the presentation of …
More »Ep. 10: What are the problems of the pension system in Bulgaria?
0:35 – Presentation of the topics of the episode 3:05 – How did the EKIP Virtual Pension Fund perform in October? 07:15 - Topic of the episode: The problems of the pension system in Bulgaria and how they affect the financial situation of each of us 49:00 - Answers to questions about investing in ETFs on …
More »Why can't the state fulfill the demands of pensioners?
A protest by a number of pensioner organizations, supported by President Rumen Radev, was held in front of the Council of Ministers today, with demands that generally converge towards one common one - an increase in pensions. In more detail, the main demands of the protesters are 5 - higher indexation of pensions, removal of the pension ceiling, the creation of a law ...
More »Ep. 8: Fundamentals of Investing in ETFs
2:20 – EKIP’s Virtual Pension Fund in September 8:00 – Listener Feedback 12:00 – Episode Topic: Fundamentals of Investing in ETFs (Exchange-Traded Funds) 39:35 – Financial and Investment News from Bulgaria 58:32 – Macro and Markets – International News 74:12 – Fintech – What are …
More »Is there a need for pension reform?
Pension funds have achieved nearly 4.5% profitability in recent years, and the government plans to oblige insurers under the voluntary pillar to provide forecasts for future pensions. Is there light at the end of the tunnel and what kind of pensions will we receive in 5, 10 or 20 years? These are the topics that our editor-in-chief Georgi …
More »Ep. 3: What do we need to know about the main types of investments?
00:50 - What topics will we discuss in this episode? 04:58 - How did the various virtual investments of the EKIP Virtual Pension Fund perform in May? 16:50 - Answers to feedback and questions we received after the previous episode of the podcast 20:00 - What is "compound interest" and how through reinvestment …
More »Ep. 2: What did our Virtual Pension Fund achieve in April?
00:20 - Who are we, what is the purpose of this podcast, what will we talk about in this episode? 07:25 - What is the EKIP Virtual Pension Fund and what return did it achieve in April? 21:30 - Response to feedback and questions we received after the first episode of the podcast. 31:08 - What …
More »Ep. 1: How to save and invest wisely?
Welcome to the pilot episode of our new investment podcast "The Intelligent Investor"! In this episode you will hear: 02:30 - What is the EKIP Virtual Pension Fund, how is it related to our campaign "Pension Reform for the Young" and what is the idea of this podcast? 10:05 - What can …
More »Georgi Vuldjev: The State Pension Fund is de facto bankrupt
Original publication of the interview: Frognews.bg - Mr. Vuldjev, everyone has heard about the hole in the pension insurance system in Bulgaria. How big is this hole actually to date and what does this mean? - The budget of the National Social Security Institute for 2018 includes a deficit of nearly 4 billion leva for the Pensions Fund, which ...
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EKIP– Expert Club for Economics and Politics A Different Opinion