On June 21, BNB announced that it will fulfill its mission at CCB within a month, by July 21. By then it promises that CCB will have either a new ownership structure or a strategic investor, or else be taken by the only state-owned Bulgarian Development Bank (BDB, with about 1% market share).
The EU is no longer the abstraction it was in the beginning of the crisis. For many Europeans the crisis turned the Euro from a convenience into an issue, the Greek – from exotic and hospitable people into lazy parasites, and the English – from key allies into awkward partners.
When we are talking about inequality we should always distinguish between inequality before the law and inequality in wealth or the accumulation of income.
Deutsche Bank’s report outlines another important aspect of Europe’s reindustrialization. German companies that in 2012 maintained production capacity of their own abroad, continue at 82% of their production within the EU.
Between 9th and 14th of February 2014 4liberty.eu network representatives took part in FNST Visit Program in Brussels, Stuttgart and Berlin.
The foreign press wrongly describes this party is far right. In reality it is extreme populist, nationalist in Nazi sense, uses NSDAP-like regalia, advocates nationalization of industries and land, expel of foreign investors, sterilizing gypsies and restricting the rights of Muslims, central planning of exchange and interest rates, prices and wages, getting the country out of NATO and the EU.
In line with Laffer’s curve, the low flat income tax has led to a steady growth in revenues from income tax, because people responded to the reduced incentives for concealing income.
The lack of experience, skills and even professional contacts among young people, makes them understandably one of the more sensitive labor market groups.
The one thing which is clear is that if the Oresharski government continues to cling to its imprudent and populist line of action, it won’t be long before we see more and more representatives of those remaining 40% out on the streets as well.
In the long term (after 2020), the removal of direct payments should be a priority both for Bulgaria and for the EU as a whole, as only this way would the proper market-oriented development of the sector and the free competition between farmers from different member states be ensured.