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ilian vassilev

  There is little doubt that the hackers attack on the National Revenue Agency’s (NPA) database has been engineered and sponsored by the Russian secret services. In the best of Russian tsarist masquerade traditions, the act will be disguised as a lone effort by a concerned Russian citizen who has taken to heart the destiny of Bulgaria and its society. This is what propaganda and Byzantine politics are all about. The hackers will assume the moral high ground, claiming that the Bulgarian government is corrupt and inadequate. And while much of this rings true, demagoguery lies at the core of the hybrid warfare waged by the Russian special services. The use of credible and tangible weak spots and vulnerabilities in the governance of the country will arouse mistrust and undermine

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ilian vassilev

Sorry, this entry is only available in Bulgarian.

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oil_pump_bashneft_large

I have always thought that awareness is the foundation of good management practice. However, information in the form of news and analysis is not automatically converted into good findings and hence into good practical and optimal solutions. Unfortunately, in our country, what prevails is the inertia of “stability” understood as status quo reproducing itself, with the lack of analysis of costs and benefits and proactive management on a public and corporate level, rather than the employment of catching-up and breakthrough policies.   Let’s try and read through the news from last week that we cover in our newsletter.   The first item is that margins in processing costs between refineries in America and Europe and the rest of the world have decreased. Markets globalize and integrate.   The second is

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pari

  “Bulgaria’s ruling elite demands from business to be either corrupted or else face all the mobilized power of the state machine” Excerpt from an interview of former CCB majority owner Tzvetan Vassilev   Grand corruption is a key pillar of the governance model in Bulgaria over the last 25 years, lubricating the mechanisms of distribution of power and money, as well as defining winners and losers in the course of history. It is the elephant in the room we failed to notice until we run out of breathing space.   The magnitude of its impact is not measured only in cash – lost or missed – such as the 19 billion euros, that according to Rand Europe, have been inflicted as damage to the GDP of Bulgaria on a annual basis