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

Rose oil production up by 10% in 2024

10,335 tons of roses have been produced in Bulgaria in 2024, almost 1,000 tons more than last year, the Consultative Council on Oil Bearing Roses says. There are almost 3,000 rose producers registered in the country, and 53 rose oil distilleries..

published on 10/4/24 9:59 AM

Market Links survey: 6 parties and coalitions enter future parliament

If the general elections were to be held at the beginning of October, 6 parties and coalitions would enter the Bulgarian parliament, a Market Links poll, commissioned by bTV shows. GERB/SDS would earn 23.1% of the votes, followed by We..

published on 10/4/24 9:52 AM
Dzheyhan Ibryamov’s wife Birshen declared a hunger strike until his release

Dzheyhan Ibryamov’s wife declares hunger strike

Charges of trading in influence are to be brought against Dzheyhan Ibryamov after decisions were made to strip him of his immunity from prosecution as member of parliament and as candidate for member of parliament in the upcoming election...

published on 10/4/24 8:53 AM