Shadow economy

International Internet Magazine. Baltic States news & analytics Friday, 07.08.2020, 03:37

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Contraband volumes in Latvia unchanged from last year - customs chief

Contraband volumes in Latvia unchanged from last year - customs chief

20.07.2020

The amount of contraband cargo seized in Latvia this year has remained unchanged from last year, Raimonds Zukuls, director of the Customs Board of the State Revenue Service, said today in an interview to Latvian Television referred LETA.

Keyword tags: Analytics, Custom, Latvia, Shadow economy



Market share of illicit cigarettes lowest in decade in Estonia

Market share of illicit cigarettes lowest in decade in Estonia

03.07.2020

A study by the Estonian Institute of Economic Research (EKI) shows that illegal cigarettes accounted for 12-15% of the total volume of the domestic cigarette market in 2019, marking the lowest level in the past 10 years, cites LETA/BNS.

Estonia's loss in tax revenue due to untaxed wages totals nearly EUR 130 mln

Estonia's loss in tax revenue due to untaxed wages totals nearly EUR 130 mln

03.07.2020

A study carried out by the Estonian Institute of Economic Research (EKI) into the prevalence of cash-in-hand wages shows that unfair tax practices likely resulted in a 127-million-euro loss in tax revenue for the Estonian state in 2019, cites LETA/BNS.


Shadow economy index in Latvia drops to 23.9% in 2019

Shadow economy index in Latvia drops to 23.9% in 2019

10.06.2020

Latvia's shadow economy last year declined by 0.3 percentage points to 23.9% of the gross domestic product (GDP), said the author of the Shadow Economy Index, associate professor at SSE Riga Arnis Sauka in a conference today, cites LETA.

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.


16.12.2019

1 in 5 cigarettes smoked in Lithuania is smuggled - survey

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.

16.12.2019

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

- 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.

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