Shadow economy

International Internet Magazine. Baltic States news & analytics Tuesday, 02.06.2020, 13:46

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FinMin: shadow economy in Lithuania has decreased impressively over the past years

FinMin: shadow economy in Lithuania has decreased impressively over the past years

25.05.2020

The scale of shadow economy in Lithuania has decreased impressively over the past several years, Finance Minister Vilius Sapoka has said attributing this progress to increased public consciousness, cites LETA/BNS.

Keyword tags: Analytics, Covid-19, Financial Services, Legislation, Lithuania, Shadow economy



1 in 5 cigarettes smoked in Lithuania is smuggled - survey

1 in 5 cigarettes smoked in Lithuania is smuggled - survey

16.12.2019

Smuggled cigarettes account for 21.3% of Lithuania's tobacco product market, up by 2 percentage points compared with a year ago, according to the latest empty pack survey by Nielsen referred LETA/BNS.

Companies' low capitalization, large shadow economy, legislative issues impeding lending - Bank of Latvia

Companies' low capitalization, large shadow economy, legislative issues impeding lending - Bank of Latvia

16.12.2019

- In Latvia, lending remains weak because of companies' low capitalization, large shadow economy and persistent judicial issues, Bank of Latvia Governor Ilmars Rimsevics said at his end-of-term news conference referred LETA.


Illegal employment increased in Latvia last year - study

Illegal employment increased in Latvia last year - study

16.05.2019

According to the latest study on the shadow economy situation in Latvia, there was an increase in illegal employment in Latvia last year.

Shadow economy proportion in Latvia at 24.2% last year

Shadow economy proportion in Latvia at 24.2% last year

16.05.2019

During a conference today dedicated to the shadow economy situation in the country, Stockholm School of Economics in Riga (SSE Riga) Professor Arnis Sauka said that the proportion of shadow economy in Latvia rose by 2.2 %age point last year to 24.2%.


24.04.2019

Shadow economy in construction has dropped to 34.1% in Latvia - study

The share of shadow economy in construction continued to drop last year and reached 34.1 percent, according to the annual study by Arnis Sauka, professor at the Stockholm School of Economics in Riga (SSE Riga) and a board member of Business Against the Shadow Economy association, citing LETA.

05.03.2019

Fight against shadow economy should ensure tax revenue rise by 5% - Jaunzeme

Fight against shadow economy should ensure tax revenue rise by at least 5 percent, said State Revenue Service (VID) general director Ieva Jaunzeme in an interview with LETA.

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