"Economic Policy Review" Bulletin ISSN 1313 - 0544

Why Bulgarians Still Pay for Access to Their Laws?

24.07.2015
The citizens, businesses and administration in Bulgaria do not have free access to the consolidated texts of the current regulatory framework, which is legally binding. Our highly conservative estimates of the direct cost to the economy of the lack of access to legal information in consolidated form is for aggregate annual cost of at least 6.8 million BGN.

Consumption of Electricity by Households Connected to the EVN Bulgaria Electricity Distribution EAD Grid in 2009-2014

21.07.2015
Without a doubt, the EWRC can play a major role in developing a country-specific methodology for Bulgaria, which can measure the scope, and, if possible, the degree, of energy poverty in the country. However, the Commission must abstain from using the regulated prices of electricity as a tool to support the energy poor households in the country as this is against both the logic and the letter of the letter of both the European and Bulgarian legislation.

New Research by IME: How Does the Growth of the Minimum Wage Impact on Employment in Bulgaria?

21.07.2015
On the basis of the presented econometric model, we can predict the numerical effect that the planned hike of the minimum wage to 450 lv. in 2017 will have on employment amongst the least-educated. If the minimum wage rises from 340 lv. in 2013 (the last year of the analysed period) to 450 lv. in 2017, we can expect the employment rate among those with primary and lower education to decline by 1,54 percentage points. So, if the employment rate for people aged between 15 and 64 years and having primary or lower education was 17,5% in 2013, the planned hike of the legally binding minimum wage can lead to a decline in the employment rate of this group below 16% in 2017 (all else being equal). If we assume that the size of the workforce with primary or lower education remains the same between 2013 and 2017, this decline in employment means a loss of 26 272 jobs.

Potential effects of TTIP on Bulgaria: facts versus fallacies

20.05.2015
The IME has set the objective to analyze the trade and investment flows between Bulgaria and the United States and on this basis to evaluate the potential effects that freeing up trade between the EU and the US will have on the Bulgarian economy. The paper, published by the IME, debunks some of the most popular myths surrounding the treaty, at least as far as its possible effects on Bulgaria are concerned.