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Gray economy sector in Bulgaria shrinking

Staff Writer |
The gray economy sector in Bulgaria is shrinking. This was reported by the Association of Industrial Capital on 12th of June, quoted by BNT.

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The main reasons for improving the environment are better tax collection, higher exports and lack of political tension.

Still, almost a third of the business continues to work in the gray sector.

The share of the gray economy sector in the country for 2016 is 28%, compared to 2010 when it was 36%. In Europe, it is 15% on average.

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