Trade Unions in Bulgaria: Grey Economy is 30%
30% is the grey economy, according to trade union figures.
The grey economy in Bulgaria decreased in 2013, according to Deputy Finance Minister Lyudmila Petkova.
Petkova, chair of the public council on the restriction and prevention of informal economy, and Vasil Velev, Chair of the Bulgarian Industrial Capital Association, presented Tuesday the results of a project titled "Restriction and Prevention of Informal Economy" under the "Human Resources Development" operational program.
One of the main goals of the project is to calculate a composite index "Bringing grey economy into the light" on an annual basis as of 2010.
The abovementioned index increased in 2013, meaning that the share of the grey economy decreased, according to reports of news.bg.
"In the first five months of 2014, the collection of excise duty on tobacco products and alcohol improved," Petkova boasted.
She noted, however, that VAT collection was still unsatisfactory, which had caused the government to focus efforts on a reverse-charge mechanism.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In a concerning revelation, the ad hoc committee investigating the activities of Gleb Myshin uncovered that over the past three to four years, a staggering 343 candidates from the Russian Federation seeking Bulgarian citizenship were discovered to have su
As the summer season draws near, the issue of staffing in the tourism sector in Bulgaria comes to the forefront once again, with the workforce having to depend on individuals from foreign countries for yet another year
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
Deputy Minister of Transport and Communications, Anna Natova, announced the commencement of construction for an outdoor parking lot at Terminal 2 of Sofia Airport
The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022