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"It's like a basket of apples. They are reporting the average quality of apples in the basket and in the end that's what you get - if you look at the aggregate in the basket. With individual apples in the basket, maybe there are some rotten apples there."
"Maybe the Prime Minister knows what the individual apples look like and I don't... and I want to see what the individual apples look like."
Applied Economics Professor Steve Hanke giving advice to the Bulgarian National Bank in an interview. In his words, instead of putting down information on non-performing loans on a quarterly basis, the central bank BNB should certify and post balance sheets of all banks every month.
He has also warned of the risk still posed in Bulgaria by lack of transparency.
"The risk in Bulgaria is transparency about everything, because nobody knows what is happening in general."
"It's the biggest rumor mill in the world; the world capital of rumors."
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In an important stride towards global transparency and cooperation in tax matters, Bulgaria has received a laudable rating of Largely Compliant from the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes (GFTEITP)
In a recent announcement, the Bulgarian National Bank has confirmed that the base interest rate for February will stand at 3.79%, maintaining the status quo from January. This decision follows a marginal reduction of 0.01% made in December 2023
A significant shift is on the horizon for Bulgaria's financial landscape as the Bulgarian National Bank (BNB) gears up for its integration into the Eurozone by January 1, 2025
Bulgaria is once again at the bottom of the European Union in the 2022 Corruption Index of the international anti-corruption organization Transparency International
"It is a time to pull people together ...
“We cannot tolerate or turn a blind eye to racism and exclusion in any form.
Let's not excuse violence, or rationalize it, or participate in it.
"Europe hasn't done its homework...
"North Korea has conducted a major Nuclear Test.
"There are a lot of killers.
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
