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

Warm weather with brief showers in the afternoon.

On Thursday lows will be between 7 and 12°C, 9°C in Sofia. Before noon it will be sunny. Around and after midday, cumulus clouds will develop and there will be brief showers in the western parts of the country. Maximum temperatures will be between 22..

published on 4/23/25 7:05 PM

Democrats for a Strong Bulgaria demand the resignation of National Assembly Speaker Natalia Kiselova

The Democrats for a Strong Bulgaria party (DSB), one of the formations in the coalition We Continue the Change-Democratic Bulgaria (PP-DB), has called on National Assembly Speaker Natalia Kiselova to resign . The reason is her appearance in the..

published on 4/23/25 6:10 PM

European Commission: Bulgaria and Romania's accession to Schengen strengthens EU economy

The full accession of Bulgaria and Romania to the Schengen area is strengthening the European Union's economy significantly. This is stated in a report by the European Commission on the state of the border-free zone, presented today. The report..

published on 4/23/25 4:38 PM