"Economic Policy Review" Bulletin ISSN 1313 - 0544

Author: Krassen Stanchev* / 06.12.2013

On October 25, law and history students occupied the main building of the Sofia University, one of the city's landmarks. The reason: their professor, country's Constitutional Court chairman, did not show up for a lecture after it was announced that he should answer questions on illogical and seemingly unconstitutional decision. The very same day, most professors supported the students and occupation spread to other universities, although with lesser resolve...

IME Publication: "Regional Profiles: Indicators of Development 2013"

IME / 05.12.2013
The study "Regional Profiles: Indicators of Development 2013" (Bulgarian version) presents the social and economic development of bulgarian districts. The study is based on 58 indicators, divided into eight categories: Economy, Administration and Taxes, Infrastructure, Demography, Education, Healthcare, Environment and Social Environment. A seperate profile of each of the districts can be found on our webpage: http://www.regionalprofiles.bg/en/

Europe’s Misunderstood Problem with Youth Unemployment*

Yavor Aleksiev / 05.12.2013
Rising youth unemployment in Europe has been a widely discussed issue over the last few years. Although millions of euros have been spent on youth employment programs, the result of these has been limited, to say the least. One of the main reasons is the widely misunderstood statistical indicator “youth unemployment coefficient” itself. As a result of this, it is a common misconception that every fourth European aged 15-24 is unemployed.

The Ban on the Purchase of Land by Foreigners – A Fictional Drama

Nikolay Valkanov / 05.12.2013
A ghost roams trough the country during the past couple of days – the ghost of a foreigner who came to buy out the agricultural land of Bulgaria. From January 1st, 2014 the ban on sale of agricultural land to foreign citizens or legal persons (from EU or the European Economic Area – EEA) must be removed.

IME Alternative “Low Taxes” Budget 2014

IME / 05.12.2013
For more than 10 years IME has been presenting an alternative state budget with low taxes. Our aim is to show that it is possible to have an alternative fiscal policy, which relies on structural reforms and growth, rather than simple redistribution and spending of public resources. The Alternative budget for 2014 focuses on decentralization and regional development, reforms in the healthcare and pension systems, reductions in the administration size and improvement of its efficiency. The alternative to the state budget abandons the deficit spending and the accumulation of new debt and relies on a balanced budget.

The Labor Market Keeps Struggling - Regional Perspective

Yavor Aleksiev & Borislav Tonchev / 05.12.2013
In the third quarter of 2013 the number of employed people decreased slightly on an annual basis after two consecutive quarters of growth in the first half of the year. In June-August 2013 the employees are 5000 less than in the same period in 2012. However, in most districts (16 out of 28) there is an increase in the number of the employees on an annual basis.

IME Analysis: “Excise Taxation of Tobacco Products in Bulgaria – Review and Recommendations”

After EU accession Bulgaria was faced with the challenge to harmonize its excise policy with regard to tobacco products and to reach the minimum level of excise duties on tobacco products, as laid down in the respective EU Directive, until the beginning of 2010. In 2007 prices of cigarettes in Bulgaria (weighted average price) were actually lower than the nominal requirement for minimum excise duty in the EU (64 euro per 1000 cigarettes), which illustrates the tough task that our country faced. More specifically, Bulgaria was set to increase excise duties, respectively prices substantially, without distorting the market and avoiding any negative effects for the budget.