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

Premier Zhelyazkov: EU should remain united and predictable in its overall support for Ukraine

The European Union must remain united and predictable in its overall support for Ukraine, Bulgaria’s Prime Minister Rosen Zhelyazkov said in his speech at the second emergency meeting on Ukraine, hosted by French President Emmanuel Macron, announced..

published on 2/20/25 8:32 AM

Second day of boycotting big grocery chains announced on February 20

Public organizations in Bulgaria have announced a second day of boycott of grocery chains for February 20 , after reporting the success of the first such initiative in our country.  On the first day of the boycott, according to data from the..

published on 2/20/25 7:35 AM

Bulgarian Parliament to hear cabinet ministers on US "questionnaire" related to Ukraine peacekeeping operation

The Bulgaria Parliament will hear today the Minister of Defense Atanas Zapryanov and the Minister of Foreign Affairs Georg Georgiev about a "questionnaire" prepared by the US on topics related to Bulgaria's readiness to participate in a special military..

published on 2/20/25 6:05 AM