1st of July is the date when we celebrate 10 years from the beginning of the most successful reform which have been undertaken in the field of economic policy after the transformation of the Bulgarian economy. The introduction of the currency board put an end of the uncontrollable increase in the money supply, which is a significant premise for the stabilization of the Bulgarian lev and the confidence in it.
If It Ain’t Broke, Don’t Fix It* **
New Economic Order
Petar Dimitrov has already made a vow and is the new minister of the economy and energy. If, as it is stated, he will follow the policies of Rumen Ovcharov, then why was it necessary to have a new minister. Away from this, if the management of the economic ministry and the conduct of its policy do not supply grounds for a change, then the question is entirely political and the (un)realized results have not mattered much.
Bulgaria is one of the few countries in East European region that still hesitate to turn to flat tax rates. Looking at the success of the other “flat” countries, even the World Bank admits that the flat tax is better, especially for Eastern Europe. We believe that it is time now for Bulgaria to “walk on water”!
Bulgarian Statistics as a Tax
Generally speaking every economic activity needs some empirical data so that past and current trends could be analyzed in order to be incorporated in future strategic plans. That is in short the task of every analytical unit within a bigger organization. The efficiency of this unit proportionally transposes in a higher degree of success of the organization itself. The quality of services provided by the National Statistics Institute (NSI), however, acts as a tax on all of us and imposes unnecessary administrative hindrances upon business.
Power without Control
The chairman of the Bulgarian Parliament announced the report on its activities in July 2007. The statistics itself is impressive. A reasonable person will think whether he had noticed the effects of such legislative activity. Assessments would vary.
Centralized Indexing Of The Wages In The Private Sector – Does It Make Sense?
After several weeks of negotiations, the labour unions and organizations of employer representatives reached a consensus on the recommended rate of indexing of the wages in the private sector. The labour unions first insisted on a rate above 18%, while the employers offered 9.6%. At last, as anticipated, a compromise solution was reached at 12.9%.
The e-government and the process of issuing building permits
According to official definition of World Bank the E-government refers to the use by government agencies of information technologies (such as Wide Area Networks, the Internet, and mobile computing) that have the ability to transform relations with citizens, businesses, and other arms of government.