black economy
Economy
Shadow Economy in Greece is Shrinking, IMF Says
The shadow economy in Greece fell to 16 percent of GDP in 2021 according to the latest report by researchers at the International Monetary Fund (IMF).
The report titled "Recent Trends of Informality in Greece: Evidence from Subnational Data" notes...
Economy
Greece to Pay Citizens €3,000 for Reporting Tax Evasion
Greece's Ministry of Finance has announced an initiative to offer citizens a bonus of up to 3,000 euros for reporting instances of tax evasion. The incentive is part of a broader movement in strengthening tax compliance and transparency in...
Economy
Shadow Economy in Greece at 20.9 Percent of GDP, Central Banker Says
The size of the shadow economy in Greece reaches 20.9 percent of the country's Gross Domestic Product (GDP), Bank of Greece governor Yannis Stournaras said on Tuesday.
Shadow economy consists of transactions between individuals, or individuals and businesses, without being...
Crime
Occupations at High Risk of Money Laundering in Greece
Realtors, lawyers, accountants, notaries, members of the banking industry, high-end retailers, and money transfer agents are in the high-risk money laundering group in Greece, according to a Finance Ministry report.
The report entitled "National Money Laundering and Terrorist Financing Risk...