With the Egyptian economy deteriorating and job opportunities in short supply, many Egyptians are trying to cover their expenses through the massive grey economy
, which operates outside the tax system and most government regulation.
The grey economy
ballooned in the 1990s when economic reforms eroded the Socialist-influenced, centralised economy in favour of the private sector.
They said that the plan would have grave consequences for unemployment and the grey economy
and would slow recovery.
The days when the grey economy
used the book as a sort of alternative unit of currency appear over.
And as I reach the hotel, through the leafy cobbled streets and cafE[umlaut]s of downtown Sofia, it truly feels like a European capital, but the headline in the local paper in tells me the grey economy
accounts for at least 37 per cent of GDP.
Thirdly, there appears to be a strong correlation, and possibly causation, between corporate governance failures and the grey economy
Many who come here illegally end up in jobs in the grey economy
, which not only puts them at risk from unscrupulous employers but undermines the terms and working conditions of others.
It says such an amnesty would be a positive move by the Government to tempt those in the grey economy
to step out of the shadows and be recognised for future contributions to the tax burden we otherwise all share.
Like the story about A-levels getting easier, this one about the grey economy
is becoming a hardy perennial.
This latter is potent enough to have allowed the growth of a grey economy
(where much of income and earnings are kept secret) to an astonishing 40% of the total economy according to Ms Slagana Taseva, executive director of Transparency International Macedonia, the world-wide agency that rates countries for financial honesty and efficiency.
NORDIC BUSINESS REPORT-29 November 2005-Finnish police expose large grey economy
operation - report(C)1994-2005 M2 COMMUNICATIONS LTD http://www.