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

Bulgarian Industrial Association warns about increase of gray economy

Photo: BGNES

Bulgaria’s gray economy increased sharply in volume and currently exceeds EUR 11.7 billion, the Chairman of the Bulgarian Industrial Association Bozhidar Danev announced. Bozhidar Danev specified that the analyses of BIA are based on estimates of the National Statistical Institute, Eurostat and other official institutions and that the real increase of the country’s gray economy is considerably bigger. The Bulgarian Industrial Chamber has proposed a series of measures, including simplification of the tax system and strengthening the analytical unit of the National Revenue Agency, in order to identify hidden turnovers, earnings, insurance payments and other violations.



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

Bulgaria ranks second in the EU for bathing water quality

According to data from the European Environment Agency published by the European Commission and reported by BNR correspondent in Brussels Angelina Piskova, Bulgaria ranks second in the EU for bathing water quality in 2024. The report states that 97.9%..

published on 6/20/25 5:45 PM

Bulgaria's accession to the euro area was given the green light by ECOFIN

The ministers of economy and finance of the EU member states unanimously backed the Eurogroup's recommendation that Bulgaria should join the euro area on 1 January 2026, Polish Finance Minister Andrzej Domański announced, as reported by BNR correspondent..

published on 6/20/25 5:38 PM

New law regulates the crypto-asset market in Bulgaria

The parliament has adopted the Crypto-Asset Markets Act on second reading. It regulates trading in this type of instrument according to European regulations, reporter Maria Fileva informed. The law gives the Financial Supervision..

published on 6/20/25 4:28 PM