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Looking Beyond Bulgaria: Fiscal Stability of the Baltic States
Economy
Looking Beyond Bulgaria: Fiscal Stability of the Baltic States
In recent months, the topic of budget deficits has taken center stage in heated debates among economists and politicians, garnering significant attention in the media. In April, the caretaker government proposed a budget with a notable deficit of 6.1% of GDP for 2023. In June, Finance Minister Asen Vasilev proposed a new budget with a negative balance of 3%, which is right at the limit for fiscal stability as set in the Maastricht criteria of the European Commission.
Recovery Plan And Resilience Is Faltering in Bulgaria, And With It, The Reforms
Economy
Recovery Plan And Resilience Is Faltering in Bulgaria, And With It, The Reforms
The new government was elected already in June, but it remains to be seen how it will begin to solve the pressing problems caused by the lack of regular governance in the months before. The budget is one such priority, but let\'s not forget what happened with the National Recovery and Resilience plan (NRRP). Let\'s recall - the plan was adopted two years ago with a significant delay, which was the reason why Bulgaria failed to receive an advance payment for its implementation. 
Deflation Has Come To Bulgaria, But How Long Will It Last?
Economy
Deflation Has Come To Bulgaria, But How Long Will It Last?
Already in May, the National Statistical Institute of Bulgaria announced long-awaited news: on a monthly basis, the general consumer price index recorded a decline for the first time since the beginning of the war, and in June, this trend continued, even more noticeably. This has also been accompanied by a cooling down of the annual price change, which has fallen well below its peak since autumn 2022.
For The Last Three Years, Bulgarians Have Lost Three Years of Their Lives
Society
For The Last Three Years, Bulgarians Have Lost Three Years of Their Lives
New data from Bulgaria’s National Statistical Institute (NSI) shows that for the time period 2020-2022, the life expectancy of the population on average is 71.9 years. The data examines mortality over three-year periods and for the first time, it comprehensively covers the rapid spread and high mortality resulting from the COVID-19 pandemic in Bulgaria.
Poland’s Best Interest Is to Support Kyiv in the Fight against Russia
Politics
Poland’s Best Interest Is to Support Kyiv in the Fight against Russia
According to media reports, the Ukrainian offensive is progressing slower than expected. However, there are many indications that the main phase of the offensive is still ahead of us, and the actions taken so far have only been rehearsals. The attacks are advancing towards the Sea of Azov in order to cut off Russian access to Crimea and divide the occupation zone into two parts.
The Web of Innovation: From Railways to Routers – Journey through Connectivity
Society
The Web of Innovation: From Railways to Routers – Journey through Connectivity
Connectivity has undeniably simplified life for people worldwide. However, the remarkable mechanisms behind this connectivity often go unnoticed as we simply enjoy its fruits. When talking to friends and family most do not know how exactly the Internet works. A study conducted in the US confirms this: 80% of respondents cannot explain how we get the Internet. It comes from the Wi-Fi, doesn\'t it?
Keep Your Chin Up: Economic Trends in Ukraine from Business Point Of View
Economy
Keep Your Chin Up: Economic Trends in Ukraine from Business Point Of View
\"Keep your chin up\" is the headline of the June issue of the New Monthly Enterprise Survey, a #NRES conducted by the Institute for Economic Research and Policy Consulting since May 2022. From June 15 to June 30, 2023, the heads of 530 enterprises located in 21 out of 27 regions of Ukraine answered questions about the current state of affairs at enterprises and their expectations for further business development.
Hungarian Government Might Want Kids Not To Read Harry Potter
Politics
Hungarian Government Might Want Kids Not To Read Harry Potter
In the fifth installment of the popular Harry Potter books, Dolores Umbridge, the personification of government meddling in education, forbids professors in Hogwarts from disclosing anything beyond what is strictly pertinent to their lessons. One rebellious schoolkid, however, points out in Umbridge\'s class that she cannot reprimand him for misbehaving during the lesson, as it is irrelevant to the subject. He gets detention.
Central Bankers, Remember Copernicus
Economy
Central Bankers, Remember Copernicus
The work and ideas of the Polish astronomer, mathematician, and economist Nicolaus Copernicus (1473-1543) are worth studying, not only for those who still believe that the Earth is flat but also for anyone interested in intellectual revolutions. Among his achievements is the identification of the real causes of inflation, which has been no less of an intellectual revolution. Copernicus challenged the prevailing idea that our planet was the center of the universe.