site.btaSurvey: 65 Per Cent of Bulgarians Think Shadow Economy Is Quickest Way to Make More Money

NW 16:14:31 13-05-2019
LN1613NW.113
113 ECONOMY - SHADOW ECONOMY - SURVEY

Survey: 65 Per Cent of Bulgarians Think Shadow
Economy Is Quickest
Way to Make More Money


Sofia, April 22 (BTA) - Scientists from the Institute for the Study of Societies and Knowledge with the Bulgarian Academy of Sciences (BAS) Monday presented the results of a research project about the shadow economy as a violation of legislation and social norms. The survey shows that 65.2 per cent of respondents believe shadow economy is the quickest way to make more money, while only 36 per cent see it as a serious moral crime.

The nationally representative survey was conducted among 1,000 Bulgarians aged over 15.

Prof. Emilia Chengelova explained that shadow economy is also called grey, informal or hidden economy. This is economy where the economic activities carried out are allowed by law on principle; the violations concern fiscal, financial, and labour and social insurance legislation.

A total of 56.9 per cent of respondents said that they would not break the law even if that would bring them material benefit. Sixty-five per cent think all laws should be observed. Only 31.9 per cent considers laws to be well written and completely applicable to real life. Prof. Chengelova concluded that Bulgarians are becoming ever more critical to legislation's quality.

The survey shows that the higher the educational level of Bulgarians, the more inclined they are to observe the law. People with lower education tend to be more critical and inclined to break the law. Young people, particularly under-25s, are the most critical to the law and least inclined to observe it, Prof. Chengelova said.

She also said that 81 per cent of Bulgarians are fixated on personal material benefits and are not interested in ideals and high purposes.

She went on to say that the most widespread grey practice in Bulgaria is when a worker has an employment contract but agrees to be hired for a lower salary and insurance in exchange for additional non-taxable sums paid in cash. Some 30 to 40 per cent of employers in Bulgaria resort to this practice, she added. There is a downward trend in work without an employment contract, Prof. Chengelova noted.

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