Wednesday, February 17, 2010

Serbia’s grey market booming

Serbia’s grey market booming :
Although there is no official data on the grey economy in Serbia, according to estimates, its stake in the GDP exceeds 50 percent. The most active areas of the grey market are textile, construction and services sector, but also the workforce market. In some parts of Serbia, for example in the South, grey economy reaches as much as 60 percent of the total turnover.

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