Thursday, October 14, 2010

Bulgaria: Gray Economy 10% of Bulgaria's 2010 GDP - - Sofia News Agency

Bulgaria's gray economy is worth about BGN 7 B per year, according to Regional Development Minister Rosen Plevneliev.

This is about 10-12% of Bulgaria's projected 2010 GDP, Plevneliev said during a surprise inspection of construction sites together with Labor Minister Totyu Mladenov.

About 25% of the Bulgarian gray economy is made up of the construction sector – or about BGN 1.7 B in absolute value.

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