Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

25% of Bulgaria’s economy is in the gray sector

Photo: library

Nearly 25% of Bulgaria’s economy is in the gray sector, data of a research of the Center for the Study of Democracy show. The gray sector represents the services which are yielding profit, yet that profit is not officially registered. According to the report, the levels of shadow economy have been decreasing over the past 15 years. The Bulgarian tax offices managed to reduce the share of gray economy. Traditionally, highest shares of shadow economy are registered in agriculture the service sector and construction, where levels of seasonal employment are high and tax inspections are made more difficult.





Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Atanas Atanasov

Democrats for a Strong Bulgaria to nominate Atanas Atanasov for president of the National Assembly (UPDATE)

The Democrats for a Strong Bulgaria (DSB) are to nominate the party’s leader Atanas Atanasov for president of the 51 st National Assembly. According to BNR sources, the decision was made by the party’s national leadership and will be put to..

updated on 11/30/24 3:24 PM

GERB will not sign PP/DB’s declaration for a cordon sanitaire around Delyan Peevski, Boyko Borissov says

During the regional GERB youth academy in Targovishte, GERB leader Boyko Borissov stated that GERB would not sign the declaration of We Continue the Change/Democratic Bulgaria (PP/DB) for a cordon sanitaire around Delyan Peevski. PP/DB calls..

published on 11/30/24 3:17 PM

Protest in Velingrad in support of farmers with flocks which tested positive for sheep and goat plague

A protest took place in Velingrad in support of the farmers whose flocks of sheep have been quarantined because of positive tests for sheep and goat plague. To stop the spread of the disease, access to the area around the farms has been..

published on 11/30/24 1:10 PM