Shadow economy

International Internet Magazine. Baltic States news & analytics Friday, 18.08.2017, 11:52

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Latvian FinMin: steep rise of minimum wage can fuel shadow economy

Latvian FinMin: steep rise of minimum wage can fuel shadow economy

25.07.2017

A steep rise of the minimum wage can fuel growth of the shadow economy but the State Revenue Service will clamp down on this illegal activity, Latvian Finance Minister Dana Reizniece-Ozola (Greens/Farmers) told journalists on July 24th, reports LETA.

Keyword tags: Analytics, Financial Services, Latvia, Legislation, Shadow economy, Wages



Shadow economy in Latvia at 20.3% of GDP in 2016

Shadow economy in Latvia at 20.3% of GDP in 2016

10.05.2017

The proportion of shadow economy in Latvia was 20.3 % of the country's gross domestic product last year, which is one percentage point less than in 2015, according to study Shadow Economy in the Baltic Countries 2009-2016 writes LETA.


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