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

Ten INSAIT interns selected from over 400 applicants

In 2025, a record number of 4,000 students from elite universities around the world applied for the summer research program of the Institute for Computer Science, Artificial Intelligence and Technology - INSAIT at Sofia University,..

published on 4/16/25 12:06 PM

Part of the opposition will not support the vote of no confidence in the government

ITN continues to support the coalition agreement and to work with partners as a minority government. This was what MP Pavela Mitova said after the DPS of Ahmed Dogan announced that they were leaving the majority and the government of..

published on 4/16/25 10:38 AM

Thracian treasures that visited the USA are now in Bulgaria

All artefacts from the exhibition in the USA "Ancient Thrace and the Classical World. Treasures from Bulgaria, Romania and Greece" are now home in the respective museums. This was what Deputy Minister of Culture Todor Chobanov..

published on 4/16/25 9:02 AM