Forth year in a row, the Regional Office of Friedrich Naumann Foundation for East and Southeast Europe (FNF SEE), together with a group of Bulgarian investigative journalists, gathered examples of abuse of public money – both of the Bulgarian and European taxpayer.
In August, the Bulgarian government adopted a detailed action plan for joining ERM II and the Banking Union and there were some changes1 to the Bulgarian National Bank Act that also seem to lead in this general direction.
The presentation of the recently published ECB and EC reports was highly anticipated by Bulgarians, as the Bulgarian government’s intention is to officially sign up for the eurozone waiting room by the end of June.
This paper aims to explore the history, structure, and economic consequences of the currency board in Bulgaria, which was introduced as an emergency measure to combat the late-nineties economic crisis, though has stayed in place ever since.
The story of Georgy Markov does not end here. Freedom lovers in Bulgaria are raising funds to publish his collected writing. In a letter to a friend sent immediately after he moved to London, Markov, for some reason stated: “If we look at things historically, the victor in all events, even if I die, will be me!”
Bulgaria’s accession to the Eurozone became again a part of public discourse, after the minister of finance of the first Borisov government gave up on it in 2012. This will without a doubt bring opportunities as well as threats for the economy, and more often than not opinions are polarized.
In 2007-2008, a single rate for income and profit tax of 10% (or “flat rate”) was introduced in Bulgaria. It is now apparent that this was only the last stage of a long-lasting tax reform which has been going on without interruption under numerous and fundamentally different governments.
Similar to other CEE economies, privatization in Bulgaria did not start with the 1989–1990 transition period. The same applied to other market reforms, too, as the dominant view among policymakers at that time was that Bulgaria should undertake gradual changes to minimize social suffering.
The objective of the study “The Seen and the Unseen Effects of the Entry of Modern Retail1 in Bulgaria: Facts Against Myths” is to examine a number of popular claims that have been circulating in the media, and public debates. They often become grounds for political action and even legislative initiatives against modern retail formats.
Bulgaria is by far not the only country where regional differences are not only significant, but are also becoming greater. There are basically no countries which manage to simultaneously increase the wealth in their poorest and richest regions, while at the same time achieving a meaningful internal convergence.