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

Rumen Radev: 2025 will mark a turning point not only for Bulgaria, the region and Europe, but also for the world

In 2024, democracies took advantage of political and technological changes by removing unsuccessful leaders, abandoning outdated ideas and embracing new  and well-founded priorities, President Rumen Radev said during the 5 th edition of the Sofia..

published on 1/21/25 10:42 AM
Photo: Consulate General of Bulgaria in New York

NYC Bulgarian Professionals Network organizes a meeting in New York

NYC Bulgarian Professionals Network is organizing the first NYC Bulgarian Professionals Happy Hour for the year. The event will take place in New York. "I welcome the initiative... and I will gladly join again", announced Bulgarian diplomat..

published on 1/21/25 9:36 AM

Bulgaria and Montenegro discuss cooperation under the "Destination Balkans" initiative

The potential for the development of Sofia and Plovdiv within the framework of Bulgaria’s "Destination Balkans" initiative was one of the topics discussed during a meeting between Bulgaria's Minister of Tourism Miroslav Borshosh, Montenegro’s..

published on 1/21/25 9:08 AM