The Rector Prof. Dr. Dimitar Dimitrov opened the event and emphasized: "This conference has become a tradition for our university and it is held for the eighteenth time as a forum for young scientists. It has become an important platform for the discussion of relevant issues, such as the topic The Economy of Bulgaria and the European Union: Inflation, Fiscal Consolidation and Sustainable Development. It is very important for young and experienced scientists to exchange opinions and ideas without the danger of politicizing the topic. The function of economists and economic science is to provide a basis for the right policies and decisions, to help find the right answers in a given context and historical situation. I am confident that the papers and discussions during the Conference will contribute to find solutions to cope with the economic challenges, overcome the effects of rising inflation and outline options for sustainable development".