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How to repair city boulevards
The quality of streets and boulevards is always among the major problems in the biggest cities. Municipalities have to satisfy all voters with the scarce public resources. How they can solve with the limited resources the difficult puzzle of consumer preferences? A good example comes from the private sector. It also only has lim...
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The global financial crisis as source of opportunities
The popular opinion is that financial crises threaten economic growth and in this line of thoughts must be avoided at any cost (or at least postponed in time). With this argument the Federal Reserve undertook a series of monetary measures, as it even became lender of last resort. Apart from source of negative effects however the...
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The world financial crisis makes interest rates in Bulgaria go up
The past week set new dimensions for the crisis that world financial markets experience. The Federal Reserve for the first time since decades has undertaken measures for direct saving of individual financial institution, and on the world markets the liquidity issue was utterly replaced by confidence problems. New loosening of mo...
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Privatization of airports before making route development funds
An innovative idea for development of airports was presented at a conference, dedicated to the development of the airport next to Plovdiv. International consultants suggested the making of public route development fund, which they think is the most appropriate way for development of flights to destinations such as Plovdiv. The ...
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Privatization and safety in transport
The most frequently used argument in defense of state interference in the economy is “the need” for guarantees for providing safety to the citizens. When we add to this also the understanding that some activities must be managed and maintained by the government, because they are “structure defining”, monopoly giants are being bo...
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Risks before the credit expansion
One of the key events of the past 2007, which will probably to a large extent determine the dynamics of the American (and partially the world) economy in the medium term, was the housing crisis in the USA. The stagnation of credit markets on a global scale was combined with deceleration in the growth of housing prices in Europe ...
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There are no economic and social arguments against the privatization of the state enterprises left
About a year ago we wrote that employment in 2007 will reach some 3.3 million. This means some 190 thousand more working positions in comparison with a year earlier. Then the forecast was declared too brave by our colleagues, but today this is confirmed by the latest data, announced by NSI. Although the government considers this...
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Housing or stocks
Housing estate prices continued to climb in 2007 as well, as the average pace up to the moment is around 34%, as compared to a year earlier. These facts must reassure investors in Bulgarian assets after the stock exchange decline in recent months. We must however take into consideration that the main contribution belongs to inte...
