Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

IMF reports high levels of shadow economy in Bulgaria

Photo: library

The average size of shadow economy in Bulgaria between 1991 and 2015 amounted to 29.17%, a survey of the International Monetary Fund named Shadow Economies Around the World, made in 158 countries, shows. The size of gray economy in Bulgaria fluctuated between 20.83% and 35.3% over the years. The size of gray economy in Bulgaria is extremely high as compared to other EU countries. Data for 2017 places Bulgaria at the top of 31 European countries in terms of shadow economy.




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

Ljupcho Georgievski (L) and Nasser Raufi (R)

Bulgarians from Bitola to seek protection of their rights before the European Court of Human Rights in Strasbourg

The Ivan Mihailov Cultural Club in Bitola has been removed from North Macedonia’s Central Registry, but the spirit of Ivan Mihailov lives on in the people, and a "legal battle" is underway in court to restore the name, the association’s chairman..

published on 11/7/24 10:03 AM

Bulgaria's 33rd Polar Expedition leaves for Antarctica

Today the 33rd Bulgarian Polar Expedition left the port of Varna for Antarctica. For the third year in a row, Bulgarian polar explorers will sail on the military research vessel "St Cyril and Methodius". This time, two cadets from Romania will be on..

published on 11/7/24 8:40 AM

Forum in Sofia examines strategies to combat misinformation

From today until 9 November, the Central Military Club in Sofia will host the Sofia Information Integrity Forum 2024 . The event will bring together world-leading experts in various fields to discuss the latest technological advances and strategies in..

published on 11/7/24 7:15 AM