"Economic Policy Review" Bulletin ISSN 1313 - 0544


IME’s study tries to pinpoint some of the main problems in the financial management of the judicial power, while also putting forward possible solutions that can be borrowed from the practice of other European countries and the United States. The analysis unveils a number of serious problems both in the management of resources in the judiciary and in the process of budget drafting, implementation, and reporting.

Clientelism and Inequality

Petar Ganev / 30.03.2016
There is a profound feeling of injustice rooted deep in the Bulgarian society. This can be clearly seen in international studies that cover topics such as trust in institutions and the rule of law. The same feeling of injustice is responsible for the widespread negative public perceptions towards Bulgarian entrepreneurs. The surveys of the National Statistical Institute (NSI) allow us to track such attitudes throughout different income groups. In recent years it is often the case that the feeling of injustice corelates with discussions regarding income inequality that usually put the blame on the free market.

The Status Quo Shields Itself with the Constitution

Lubomir Avdjiiski / 02.03.2016
The efforts to amend the Constitution did not become a subject of a real political debate. The MPs have spent the last two months articulating their positions and suggestions on how to solve problems and implement measures concerning prosecution reform, structural and personal changes to the Supreme Judicial Council and the election of members of the SJC, the Prosecutor General and Chairpersons of the Supreme Court of Cassation and the Supreme Administrative Court and their possible relinquishment.

Jobs in 2015: A Regional Review

The main threats to the continued recovery of the labor market are the rapidly slowing growth of economic activity, the lack of progress in regard to employment among young people and the stubbornly high number of discouraged people. On the one hand, because of the serious labor shortages that Bulgarian companies are experiencing, we can expect a slower recovery of the labor market in 2016. On the other - if the rate of increase in employment continues, in 2016 we can start talking not only about recovery, but about an expansion of the labor market - i.e. overtaking the pre-crisis employment levels.

Draghi Did “Everything in His Power”, It Is the Politicians’ Turn*

Yavor Alexiev / 30.03.2016
Back in 2012, Mario Draghi vowed to do “everything in his power” to save the euro. Four years later that promise seems fulfilled – both the recent moves by the ECB and the market reaction that followed suggest that we are reaching the limit of what monetary policy can achieve in the euro area.