One of the anti-crisis measures in the government plan (The Stanishev’s plan) foresees that the government would provide additional 120 levs to the salary of employees in companies which introduce reduced business hours for a period of 3 months, in order to protect the employment of their staff. This week the information came out that the ranking of the companies which would receive these “bonuses” would depend on the reduction of their sales and profits...
Stimulating employment during a crisis – how it should not be done
The Idea of Effective Bankruptcy
When we live during times when the failures of companies and collapse of businesses could be a more frequent event than 1-2 years ago, it is important to start thinking about what are the actions when a given business eventually fails. We are talking about mechanisms how to bankrupt an insolvent company and how to protect its creditors and shareholders. The procedure of insolvency is a coordinated mechanism, which aim is the maximum satisfaction of the creditors and the shareholders of the company...
The Ministry of Defense will fight the dragon?!
...Minister of Defense expressed his dissatisfaction with the bad planning of the expenditures for defense and defense policy of Bulgaria. It became clear from his statement that during recent years are signed contracts for over 1 billion levs for unneeded equipment, which does not give any new “military capabilities” of the Bulgarian armed forced. The main expenditures are for transport and training planes, helicopters and multipurpose fighter aircrafts.
Could we be free?
Exactly 15 years ago the Heritage Foundation, together with the Wall Street Journal began to measure the level of economic freedom around the World. The authors formulated 10 factors which have greatest effect on the level of freedom within an economy – freedom of business, commerce, investments, labor, monetary freedom, freedom from the Government, fiscal freedom and freedom from corruption.
Is the voluntary refusal of profit a crime?!?
We all know that the economic activity is directed towards making profit. This is the main motive which makes people to invest funds and time, to take risks and to be entrepreneurs. Some succeed in their pursuit of profit, others fail. This however does not give a clear answer whether or not it is mandatory that the entrepreneurs must aim towards profit. What would happen if there is an entrepreneur, who would like to provide a given service and announces publicly that he does not aim for profit. Would this be a crime?