The gray economy sector in Bulgaria shrunk to 28% in 2016, according to data from the annual survey of the Association of Industrial Capital. This way Bulgaria is leaving the group of countries with the largest share of gray sector and the trend has been sustainable, chairman of the organization, Vasil Velev, said.
According to him, data are expected to be confirmed by international studies. When we started to deal with this problem, the share of gray economy in our country was estimated to be over 40 percent.
The most serious problems with the gray sector of our economy are seen in construction, tourism, services and retail sales.
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Bulgarian exports to the USA in 2023 are worth 1.1 billion dollars, and number 1 on the export list with a share of nearly 19 percent are "coins that..
Swedish authorities have detained a ship suspected of sabotaging an undersea fiber optic cable in the Baltic Sea. The ship is the Bulgarian vessel..
The benefits for Bulgaria from full entry into Schengen are estimated at over 800 million euros per year. The largest benefits will be for manufacturers..
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