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

Chief Commissioner Alexander Dzhartov: There are no towns or villages at risk from the fires

“No towns or villages are at risk from the fires that have broken out around the country,” Chief Commissioner Alexander Dzhartov, Director of the General Directorate Fire Safety and Civil Protection said for the BNR. Partial state of..

published on 7/13/24 11:59 AM
The Council of Ministers building

Caretaker government proposes poverty line of EUR 325 for 2025

A draft decision by the Council of Ministers, published for discussion, envisages a poverty line of 638 Leva (a little over EUR 325). The poverty line for this year stands at 526 Leva (a little over EUR 268), or an increase of 21%. The proposal..

published on 7/13/24 11:28 AM

Classic car fest and jazz in Pomorie

Pomorie on the Black Sea is, once again, inviting jazz and classic cars fans to the festival Anhialo Classic Cars & Jazz Fest , organized by Classic Car Pomorie, in partnership with the Motor Club Anhialo and Prosveta 1888 chitalishte..

published on 7/13/24 9:10 AM