"Economic Policy Review" Bulletin ISSN 1313 - 0544

Open Administration

Svetla Kostadinova / 20.12.2007
Recent scandal between the Ministry of the Government Administration on one hand and non-government organizations and IT experts on the other brought out many questions. The decision of the Ministry to use and pay more than 51 million to Microsoft was questioned. The critics of this idea indicated that the decision to purchase licenses is not justified since it is possible to use free software like Open source by the State administration and thus save millions of leva.

Economic Development is the Shortest Route to Happiness

Petar Ganev / 20.12.2007
Richard Easterlin (1974) is the first contemporary economist, which introduces the connection between happiness and economic results. In his study Easterlin formulates what would later become known as the “Easterlin paradox”. In its simplest form, this paradox states that above a low level of income, economic growth does not improve human welfare. Or in other words, money could not buy happiness!

Easing the administration of paying taxes for small companies

Adriana Mladenova / 20.12.2007
Last week the Budget and Finance Commision of the Parliament passed on second reading Draft of the Law on Corporate Income Taxation (LCIT). One of the proposed amendments is that companies with an annual turnover of less than 200,000 levs will not pay taxes in advance, as it is according to the currently applicable Law. The motivation behind this proposals are clear and logical “The change will lead to reduction of the burden of the taxpayers (which will save money and time) as well as reduction of the tax administration from the National Revenue Agency”.

Tax harmonization or tax competition

Metodi V. Metodiev / 20.12.2007
During 1957 representatives of six European countries signed the Rome agreement, which establishes the European Economic Union. The Rome agreement foresees the elimination of commercial barriers between the participating countries. Together with that are established unified import duties, as well as common trade policy. To put it shortly, the main objective of the new union was to establish gradually homogeneous common (inter-European) market.

Legislation during December

Veliko Dimitrov / 20.12.2007
Traditionally during December, as well as during the previous month of November the representatives work harder – the number of proposed bills is higher, the debates are more active, sometimes even extraordinary meeting are called. Annually, in the Parliament are introduced around 300 – 350 bills, or between 25 and 30 every month.