Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bulgarian Industrial Association warns about increase of gray economy

Photo: BGNES

Bulgaria’s gray economy increased sharply in volume and currently exceeds EUR 11.7 billion, the Chairman of the Bulgarian Industrial Association Bozhidar Danev announced. Bozhidar Danev specified that the analyses of BIA are based on estimates of the National Statistical Institute, Eurostat and other official institutions and that the real increase of the country’s gray economy is considerably bigger. The Bulgarian Industrial Chamber has proposed a series of measures, including simplification of the tax system and strengthening the analytical unit of the National Revenue Agency, in order to identify hidden turnovers, earnings, insurance payments and other violations.



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

At the official opening of the 10th International Agricultural Exhibition AGRA in Plovdiv

4% of Bulgaria's GDP is created by the agricultural sector

The agriculture sector in Bulgaria maintains its stability, providing employment to 6% of the population and forming about 4% of the country's GDP. This is shown by current data on the state of the sector, presented by the Minister of Agriculture..

published on 2/18/25 3:14 PM
Deputy Prime Minister Atanas Zafirov

Council of Ministers has not discussed Bulgarian participation in peacekeeping forces in Ukraine

The Bulgarian Council of Ministers has not discussed the hypothesis of Bulgaria's possible participation in peacekeeping forces in Ukraine. This was stated to the media by Deputy Prime Minister and Chairman of the Bulgarian Socialist Party (BSP) Atanas..

published on 2/18/25 2:29 PM

President Radev opposes sending troops to Ukraine in any form

As Commander-in-Chief of the Bulgarian Armed Forces, I firmly oppose sending troops to Ukraine in any form, said President Rumen Radev during a celebration of the 35th anniversary of the establisment of the Confederation of Independent Trade Unions in..

published on 2/18/25 1:04 PM