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The first outcry for lower taxes
At first sight not particularly clear as message and claims, the transportation firms’ outcry might have an important place in the political debate in Bulgaria. This is the first organized outcry for lower taxes not only domestically, but also probably within the European Union in the most recent history. The transporters’ outc...
Lower tax rates and more efficient public expenses
The long holidays, which decelerated the pace of economic and political life in the country, allowed for the government to avoid inconvenient questions, related to the debate for future tax rate reduction. These questions are especially urgent when:- The budget surplus, including the relations with the EU reached BGN 1664 millio...
More or less money for education?
In the private sector when a business is not running, money are withdrawn and reallocated to other more productive (more useful respectively) producer or activity. This rationale does not hold in the state sector. The area of education gives classical example for differences between political and business logic. There is no stat...
Left turn – risk or ongoing reforms
When the prime minister declared that the government will start “war” with low wages and the grey economy, it probably took into account that the first battles have already been won. The average wages, as reported by the NSI, have grown at 23% and there are no indications that the process will cease in the beginning of 2008. The...
Competition for savings accelerated
The BNB monetary statistics saw acceleration of the household bank deposits’ growth. In the same time, in March the main bank competitors for the population’s savings – mutual funds registered new withdrawal of financial resource, most notable with high-yield investment vehicles. The more active reallocation of resource toward t...
How to repair city boulevards
The quality of streets and boulevards is always among the major problems in the biggest cities. Municipalities have to satisfy all voters with the scarce public resources. How they can solve with the limited resources the difficult puzzle of consumer preferences? A good example comes from the private sector. It also only has lim...
The global financial crisis as source of opportunities
The popular opinion is that financial crises threaten economic growth and in this line of thoughts must be avoided at any cost (or at least postponed in time). With this argument the Federal Reserve undertook a series of monetary measures, as it even became lender of last resort. Apart from source of negative effects however the...
The world financial crisis makes interest rates in Bulgaria go up
The past week set new dimensions for the crisis that world financial markets experience. The Federal Reserve for the first time since decades has undertaken measures for direct saving of individual financial institution, and on the world markets the liquidity issue was utterly replaced by confidence problems. New loosening of mo...

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