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Publications

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Hidden Economy in Macedonia Policy Brief 1: The Economics of Blurs and Shadows – The Hidden Economy in Macedonia
The current policy brief provides an overview of the hidden economy in Macedonia, including some of its main causes and consequences. At the same time, it offers a macroeconomic overview of the characteristics considered to favor the prevalence of the hidden economy, while outlining the basic definitions and different hidden economy measurement methods. Furthermore, it reviews the latest policy developments in Macedonia in the area of hidden economy and delivers an outline of where this phenomenon is headed and what measures are, and should be taken, to tackle it. more »
 
Energy Sector Governance and Energy (In)Security in Bulgaria
This report explores the major governance deficiencies in the Bulgarian energy policy regarding the strategic, institutional, and legal framework of the sector. The report focuses on state capture of energy policy by private political and economic interests that led to bad management practices in the sector, to lack of consistency in the legal and regulatory framework, to deteriorating investment environment, and to the involvement of the country in infrastructure projects that undermine the national long-term strategy and policy priorities. more »
 
GREY Working Paper No. 4: Policy Approaches Towards Undeclared Work, a Conceptual Framework
The aim of this working paper is to provide a conceptual framework for understanding the policy approaches for tackling undeclared work. In doing so, the intention is to provide the structure for a future comprehensive review of the policy measures available for tackling undeclared work. more »
 
GREY Working Paper No. 3: Tackling the Undeclared Economy in FYR Macedonia, a Baseline Assessment
This report provides a detailed review of available evidence on the extent and nature of the undeclared economy in the Former Yugoslav Republic of Macedonia (FYROM), as well as on the institutional actors involved in tackling the phenomenon and their policy approach and measures used. more »
 
Reader of Articles: Best Practices in Monitoring Hidden Economy
The current reader aims to aid Macedonian policy-makers and other stakeholders to better understand, monitor, and tackle the hidden economy and its negative consequences on society and the economy, and in particular on the most vulnerable groups. It brings together the best recent academic knowledge on the hidden economy compiled and adapted to address the needs of the local constituency in Macedonia. more »
 
Policy Tracker: Economic Governance and Performance of the State-owned Energy Sector
Bulgaria’s energy sector is characterized by severe financial weaknesses related to high levels of indebtedness, low profitability and bad governance. The financial outlook of state-owned enterprises has become increasingly problematic in the 2011-2013 period. An overview of the financial health of the largest energy companies reveals a desperate need for liquidity and a reform of the pricing method to abolish destabilizing subsidies, improve debt collection and the energy mix, and invest in the minimization of power distribution losses. more »
 
CSD Policy Brief No. 44: The Competitiveness of the Bulgarian Economy 2014
In 2014 Bulgaria regained one position compared to the previous year in the economic competitiveness ranking of the World Competitiveness Yearbook (WCY), published by the Institute for Management Development (IMD). The country is ranked 56th, while in 2013 it was 57th out of 60 economies. This is only a marginal improvement, and remains significantly lower compared its highest achievement in 2009 – 38th place. more »
 
ANTICORRP Background paper on Bulgaria
The Worldwide Governance Indicators show that Bulgaria has made significant progress in the area of “control of corruption” since 1996. This finding contrasts with the general opinion of the Bulgarian population who perceive Bulgarian institutions as corrupt, and contradicts the decision of the European Commission to continue monitoring Bulgaria’s progress in fighting corruption and organized crime. Hence, there is a need for careful consideration and analysis to understand how much progress Bulgaria has really made in the fight against corruption. more »
 
Policy Tracker: Key Challenges for Energy Efficiency Policies in the Domestic Sector
The Bulgarian economy is by far the most energy intensive in Europe and it is highly dependent on other countries for its energy and therefore the economy - and in turn individual households are vulnerable to price changes. A quarter of energy consumed in Bulgaria is used in the residential sector. Actively reducing the energy consumed by end users will be the fastest and most cost-effective method of making further energy savings, and also has related benefits such as lowered reliance on energy imports and lower fuel bills for consumers and businesses. more »
 
Media note: Energy in(security): the parliament’s decision on the South Stream pipeline increases the risks for Bulgaria’s energy security
The decision of the Bulgarian Parliament from 4 April 2014 to adopt at first reading the amendments in the Energy Law, which grants South Stream special status highlights the lack of logic in the national energy policy and compounds the impression that public interest is not the driving force behind the proposed changes. The decision and the manner, in which it was taken, reveal some of the most serious problems in Bulgaria’s energy policy in terms of bad governance and corruption. more »
 

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