Text size

Shadow economy 24% in Bulgaria, says Social Affairs Minister

published on 4/14/25 2:40 PM

Minister of Labour and Social Policy Borislav Gutsanov

Photo: BTA

Bulgarians, especially young people, need to understand that it is essential to have an employment contract to protect their labour rights, Labour and Social Policy Minister Borislav Gutsanov said in Varna.

He noted that the informal economy in Bulgaria accounts for about 23-24% of the economy, which is worrying. "A quarter of our workforce without employment contracts is outrageous. Those people who do not have employment contracts do not have the rights they need," Gutsanov stressed.

Following his order, massive inspections were launched in the companies, and in three months, almost 30,000 euro worth of documents were issued.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News 24 per cent gutsanov shadow economy

More from category

Syrians citizens protest in Sofia, demand humanitarian visas for their families

Syrian citizens protested in Sofia demanding that the issuance of humanitarian visas for their families be expedited . The protest was held in front of the building of the Ministry of Foreign Affairs, reporter Dobromir Videv reported. The..

published on 8/25/25 5:36 PM

Bulgaria and Germany's Rheinmetall to jointly build two military plants

The leader of the GERB party Boyko Borisov met in Düsseldorf with the CEO of the defense concern Rheinmetall Armin Paperger . During the conversation, it became clear that in the next three weeks the contracts for the establishment of a joint..

published on 8/25/25 5:23 PM

Bulgarian President Rumen Radev will pay a working visit to Germany

Bulgarian President Rumen Radev will pay a working visit to the Federal Republic of Germany on August 27 and 28 , the press service of the head of state announced. In Berlin, Rumen Radev will meet with his counterpart, President Frank-Walter..

published on 8/25/25 5:20 PM