Economy World

Underground economy: Bulgaria and Romania

In 2011, Bulgaria and Romania were among the members of the European Union characterized by the highest levels of underground economy, said the Bulgarian Darik Radio News, citing a report from the study center “transparent Economy ” on Tuesday.

The report from the undeclared economy in Bulgaria and Romania exceeds 30% against 10% in Germany, Denmark 12% and 17% on average for the whole EU. Only Greece, where this indicator was nearly 30%, is able to compete with Sofia and Bucharest.

In Bulgaria, the activities of the shadows are particularly important in the construction industry, medical and tourism. Their share in these sectors is between 50% and 60%, according to the Report.

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