Grey economy accounts for 1/5 of Bulgaria's GDP, according to a study by the Bulgarian Industrial Capital Association and the National Centre "Economy in the Clear".
Still, since 2010, the share of the regulated economy has increased by 15%, from 63.35% to 78.40%. Despite this positive trend, the informal sector in Bulgaria has a higher rate than in any other EU country.
"We have seen a significant improvement - the number of employment contracts where employees are insured on minimum wage while in reality they receive more, has decreased, , says the author of the study Stefan Petranov. The sectors most affected by the informal economy are services, hotels, restaurants, construction and agriculture.
The National Statistical Institute (NSI) expects a high evaluation from the inspection of the Organisation for Economic Co-operation and Development (OECD), said NSI President Assoc. Prof. Dr. Atanas Atanasov. A report will be released by the end..
In the modern world, it is no longer enough to know the individual monetary units of countries and to know how their currencies relate to the Bulgarian lev. Converting leva into euros and vice versa is not part of financial literacy in today's extremely..
The Romanian company OMV Petrom, which is part of the Austrian OMV, has taken over as operator of the Han Asparuh perimeter in Bulgaria. OMV Petrom replaced Total Energies as the operator of the Han Asparuh deep water perimeter in Bulgaria, according to..
+359 2 9336 661