grey market

(redirected from Gray economy)
Also found in: Dictionary, Thesaurus.
Related to Gray economy: Grey economy

Gray Market

Trade using unofficial and unregulated, but still legal, means. In securities, a gray market typically refers to trade in bonds or stocks not yet issued. These sales are contingent upon the issuance actually taking place, and are sometimes considered benchmarks for how successful the issuance will be. Another example of a gray market is the pharmaceuticals industry, in which buyers in different countries sometimes pay very different amounts. Buyers in the more expensive country may travel to the other country to buy their medicines, creating a gray market.

grey market

an ‘unofficial’ market in newly issued shares prior to their being formally listed and traded on the STOCK EXCHANGE. See SHARE ISSUE.
References in periodicals archive ?
Table 2 reports estimates of the size of the gray economy in a sample of transition economies and provides summary data to permit international comparisons.
He specified that this entails the implementation of the BIMS information system, the procurement of uniforms for all border inspectors, improvement of working conditions and discipline at border crossings and customs offices, establishment of more frequent inter-institutional cooperation with the FBiH Tax Administration, cantonal inspection bodies and other intensive inspection bodies in BiH, as well as adopting specific inspection control programs, and continuous implementation of inspections to fight the gray economy in the FBiH.
We think it would be attractive for employers and for those who work in the segment of gray economy to return to normal flows.
Montenegro held the fourth session of the Commission to combat the gray economy, which was chaired by Dr Radoje A1/2ugiA Minister of Finance in the Government of Montenegro and the coordinator of the Commission.
The public perception of corruption and misuse of public money motivated many to stay in the gray economy.
The average level of gray economy in Bulgaria for the period 1991-2015 is 29.17%.
The CCI report states that the gray economy is still a huge problem in BiH and according to the latest estimates it is about 25 percent of GDP or 7.5 billion KM.
With the amendments proposed by the Council of Ministers, cash payments were projected to be phased out from 10,000 to 1,000 BGN over the next two years as a means of combating the gray economy.
The so-called "gray economy" contributes to income inequality and further suppresses growth,' explained Parodi.
Bulgaria maintains significant levels of unemployment and gray economy, EU Commissioner for Employment, Social Affairs and Inclusion Laszlo Andor believes.He also announced that an additional EUR 50 M will be granted to Bulgaria to tackle youth unemployment under a special EU-wide program.
According to him, the share of gray economy has remained very high - between 35% - 40% over a long period of time.