8.5 mln EUR a day lost in shadow economy

Serbian Minister of State Administration and Local Self-Government, Ana Brnabic said today that 8.5 million EUR was lost in shadow economy each day, and that, in January when the citizens started collecting receipts to participate in the government-run prize game, the number of issued receipts went up by 83.5%.

At the press conference after the meeting of the Council of Mixed Chambers of Commerce at the Serbian Chamber of Commerce, she said that the government received a total of 8.5 million envelopes with receipts, and that approximately 45% of citizens participated in the game.

The minister went on to say that ever since the Action Plan on Combating Shadow Economy started to be implemented in December 2015, the number of newly registered small businesses went up by 15%, while the number of closed businesses declined by 9%.

Brnabic informed that the team of six people from the European Bank of Reconstruction and Development (EBRD) will help the Coordination Commission that manages 42 individual inspection departments.

According to Brnabic, the creation of the e-inspector platform, on which the government spent 1.6 million EUR, will be an important measure for combating shadow economy because it will enable people to report companies and individuals that are operating in the shadow economy.

“In 2015 and 2016, we found 34,047 undocumented workers. After the relevant inspection control, the employers registered 27,863 of those workers”, the minister added.

(eKapija, 12.04.2017)


A small favour

Since 2013, Serbian Monitor has been offering to its readers carefully selected news about the Republic of Serbia, as a daily commitment stemming from the genuine desire to offer undistorted information about a country that is too often a victim of prejudice and superficiality. From November 2016, this service is available in English and Italian with a growing number of original articles with a goal of providing a complete picture of this Balkan country's economy, politics, culture and society. Our archive is completely free of charge, available to anyone who wants to get to know the country, to study its specific aspects, or to be constantly updated about it. This project will only be able to continue with the help of readers on whom we are calling to provide a small financial support so that we can continue supplying an increasingly expanding pool of information and original contributions. If you appreciate our work, please click on the button below.

This post is also available in: Italiano

Share this post

Leave a Reply

Your email address will not be published. Required fields are marked *

scroll to top
More in Ana Brnabic, gray economy
New prime minister will not come from SNS

Serbian IT industry to increase exports to 1.5 billion EUR