While the “green” countries like Austria or Switzerland are slowly surrendering the dream to reach the carbon dioxide limits set by the Kyoto Protocol, one of the few countries, which will probably reach them, is USA. Those United States, which refused to ratify Kyoto and were strongly criticized by the western world community for this decision. This situation would be unimaginable just a few years ago. How is such rapid change possible and how is…
Unlimited purchases of ECB bonds? New dollars from FED? Maybe… Greece wants more time. Time is money. A bit of tension was brought into the holiday boredom
Right from the start of the Great Recession the current account deficit shrunk with 62% in 2009, got to the relatively low level of 376 million euro in 2010 (around 1% of GDP) and turned into surplus of 361 million euro (close to 1% of GDP) in 2011. By doing so, all experts, who continuously scared the people with this “huge current account deficit”, which we were suppose to believe was extremely dangerous for our…
Forecasts concerning the future of Russia are widely divergent which is alarming and should receive our immediate attention. On one hand, there are forecasts
Jánošík wasn’t Polish, he was Spanish! Two registered transactions at the commercial real estate markets in Italy in the second quarter. Did Angela soften after holidays? How Danica invests. Do you have peas in the freezer? And euros? When the children don’t want to leave home… New hero in Spain is emerging. Spanish Jánošík. Juan Manuel Sanchez Gordillo, mayor of Marinaleda – a town in southern Andalusia, is stealing in the supermarkets together with trade unions….
Institute for Market Economics, Institute for Economic Studies – Europe and Friedrich Naumann Foundation organized a week long summer seminar in Bulgaria “Europe & Liberty” (Bansko, 14-20 July 2012) The seminar gathered 35 students from various countries: Armenia, Czech Republic, Georgia, Moldova, Macedonia, Romania, Russia, Turkey, Netherlands and Bulgaria. Lecturers were Pierre Garello (France), Gregory Rehmke (USA), Carlo Lottieri (Italy), Krassen Stanchev (Bulgaria) and Petar Ganev (Bulgaria).
Just recently the Ministry of Finance issued 5-year external debt in euro, with annual coupon of 4,25% and annual yield of 4,436%. The total value of the issue was EUR 950 million, while the submitted bids stood at over EUR 6 billion. The issue was oversubscribed in just 30 minutes from hitting the screens and the investors’ interest was sizable. The debt issue was successful by all indicators – attracted investors’ interest, easily oversubscribed and…
In Bulgaria, during the years 2000-2009, there has been an increase from 21% to 46% in the employment rate of people aged 55-64 years old.
Bouncer Ottmar Issing. ECB once again kept Greece in the game. Will the next five-year plan be merrier? Briefly today. Pandas are on holidays and without Angela Merkel who is having a rest and German Minister of Finance, Wolfgang Schauble, not much is going on in Europe. Mario Monti, Italian Prime Minister, informed Germans that he needs their help, not financial, but moral one. Spanish Prime Minister Mariano Rajoy considers asking Europe for help. Not…
Institute for Market Economics joined the worldwide initiative Friedman Legacy for Freedom Day by organizing a special evening dedicated to Milton Friedman’s 100th Birthday (31 July 2012, Sofia). IME gathered up to 50 people to celebrate Friedman’s legacy and to discuss his ideas. The evening started with segments from the “Free to Choose” series and continued with short contributions by our three quest speakers – Kalin Hristov, Georgi Angelov and Petar Ganev. A review of…
