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Effects of BNB credit restrictions one year later
Exactly one year ago BNB decided to raise minimal required reserves to 12% of the deposit base, with the aim being to reduce the probability of overheating. The foundation of this decision is the rationale that the rapid credit expansion leads increasing inflationary pressure and expanding current account deficit. In the state ...
How to reduce the social insurance burden – four advices for policy makers
There are several possible ways to reduce the social insurance burden. Each one will produce the same effect – decreasing the difference between employer’s labor expenses and the employee’s net payment, while being a different mechanism. 1/ Direct reduction of the mandatory contributions’ rate. The rate is so high right now (mo...
760 thousand employed more – possible, but only with labor market reforms
The National statistical institute announced the latest data on the labor market in Bulgaria last week. The statistics can be subject to mixed opinions. “Good news” is to a large extent obvious to the observers of the Bulgarian labor market in the recent years: - only in four years (from mid-2004 on) the economy has generated e...
One year after the beginning of the financial crisis effects for the Bulgarian economy are relatively mild
One year later global crisis effects for the Bulgarian economy seem relatively mild. The emergence of these effects has been for now visible in two dimensions – rising cost of financial resource (domestic and international) and “cooling down” of the dynamics on the capital market after a few years of fierce development. For the...
Official wages grow in real terms
Latest data reported by the official statisitcs of wages in Bulgria showed that the considerable nominal growth of labor income is being kept – 25% on the basis of the first half-year. In the same time, inflation of consumer prices was 14% for the 12 months until June – higher than the expected and than the historic levels after...
What is the best advertising strategy for Bulgaria
In the context of the integration of Bulgaria in the world economy the global crisis is perceived as even more important factor to the Bulgarian business. The negative impact of the crisis on the Bulgarian economy has been lately overrated with the aim being argumentation of the necessity of public expenses in order to defend th...
Privatization for the city’s litter
Things are very often simpler than they appear to be. When we hear how public institutions must regulate and limit freedom, because the market is failing, it is recommendable to decide whether it really comes down to “market” or “state” failure. In the case of collection, transportation and containing the city litter it comes do...
Ceased European funds – good news for the Bulgarian taxpayer
Every contraction of state expenditure must be considered positive. Thus, the financial resource will remain in the private sector and will therefore be allocated toward more beneficial uses. In this line of thoughts, the ceasing of the EU funds ISPA and PHARE for Bulgaria are good news for European taxpayers, including Bulgaria...

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