About: shadow economy

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Economy & Jobs 11-07-2017

Eastern Europe’s shadow economy: What citizens think

A new poll commissioned by Mastercard shows that citizens across Eastern Europe are not fans of the shadow economy.
Economy & Jobs 11-07-2017

How consumers and government can combat the shadow economy

Perhaps the clue is in its name but the shadow economy’s drain on economic growth and public finances can be difficult to recognise. And, unfortunately, consumers can often unwittingly contribute to its growth, writes George Simon.
Enlargement 22-06-2017

Mastercard poll: Serbians concerned about underground economy

The shadow economy limits the state's ability to provide public services, according to 2/3rds of Serbians surveyed. 8 out of 10 say it inhibits growth. For a country in which undocumented trade accounts for 30% of its GDP, the concern could not be clearer. EURACTIV.rs reports.

Substantial number of refugees hold illegal jobs in Germany

Many refugees in Germany are in illegal employment, according to radio station NDR. In addition to poor working conditions, the employees at times earn just €1 an hour. EURACTIV Germany reports.

Germany’s minimum wage effect: Fewer workers receiving unemployment aid

Effective since the beginning of 2015, the minimum wage seems to be paying off, with statistics showing that fewer workers have been dependent on the Hartz IV unemployment benefit. EURACTIV Germany reports.

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