Finance Archive

Borisov Attempts to Bribe Bulgarian Voters

When in 2009 Simeon Dyankov took over the Ministry of Finance, the first thing he dealt with was to keep the budget deficit below the limit of 3% – the reference value, defined in the Stability and Growth Pact, which, if exceeded, would incur sanctions. Once he proved that the triple coalition has left budget

Tax Over Deposits Interests is an Attempt to Conceal a Lie

The government decided to impose tax on deposits interests – this news blew up the public space on Wednesday. It’s been a long time since the government has last produced news with such public response. If one tracks down through the whole governmental policy, however, and in particular the one related to incomes, would reveal

Fighting Crisis by Decision Avoidance

Most European Union member states entered recession at the very beginning of the second quarter of 2008. This made the government (the Triple Coalition at that time) think that Bulgaria would be left isolated from the world processes and it would become something like an island of stability amongst the ocean of sinking economies. Such

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