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.
