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

Veliko Tarnovo

British and Australian musicians perform on the "Art Summer" stage in Veliko Tarnovo

Musicians from Australia and Great Britain will perform on July 13 in Veliko Tarnovo, on the "Art Summer" open stage next to the Boris Denev Art Gallery. The music of the band David Dower Trio combines jazz, rock and Bulgarian musical influences...

published on 7/13/24 8:05 AM

Orange weather alert for dangerously hot weather remains in place nationwide

Saturday will be sunny and hot. Clouds will form in the afternoon, and there may be brief showers in isolated places in the Eastern part of the country. Minimum temperatures 18-23° C., for Sofia 18° C. Maximum temperatures 35-40° C., for Sofia 35°..

published on 7/12/24 6:30 PM

33 years have passed since the adoption of the new Constitution of Bulgaria

On this day in 1991 the Seventh Grand National Assembly adopted the new Constitution of Bulgaria and dissolved itself, BTA recalls. This was the first new constitution in the former socialist camp, which came into effect the very next day, July 13.  On..

published on 7/12/24 5:49 PM