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

The share of shadow economy in Bulgaria’s economy is nearly 20%

CITUB President Plamen Dimitrov
Photo: BGNES

The turnover of Bulgaria’s gray economy amounts between EUR 12 billion and EUR 13 billion per year, data of the Confederation of the Independent Trade Unions in Bulgaria show. The share of shadow economy in this country’s economy is nearly 20%, mainly in trade, agriculture and auto repair activities, the President of CITUB Plamen Dimitrov said. The gray economy kills the competition and the human rights, Plamen Dimitrov pointed out and added that the Confederation of the Independent Trade Unions in Bulgaria has made proposals for legislative amendments aimed at limiting undeclared employment and 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

View of Cherni Vrah, 1932

120 years since the first winter climb of Mount Vitosha’s Cherni Vrah

On this day in 1905, 15 enthusiasts, university students, climbed the highest peak in Mount Vitosha near Sofia, in winter for the first time – Cherni Vrah peak (2,290 m.) The young people started out at noon on 30 January, 1905 from the..

published on 1/31/25 7:35 AM

Pavel Banya hosts international conference of vertebrology

The popular spa treatment resort Pavel Banya is hosting the second international conference of vertebrology. This year, the forum, taking place 31 January-2 February, will focus on “Degenerative diseases of the spine - principles of diagnostics..

published on 1/31/25 7:25 AM
Christine Lagarde

ECB: Bulgaria is making progress in meeting the convergence criteria for the Eurozone

Bulgaria is well advanced in the process of meeting the criteria for joining the Eurozone, European Central Bank President Christine Lagarde said during her regular press conference. Christine Lagarde was asked to comment on the country’s..

published on 1/30/25 6:39 PM