grey market

(redirected from Gray economy)
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Related to Gray economy: Grey economy
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Synonyms for grey market

an unofficial market in which goods are bought and sold at prices lower than the official price set by a regulatory agency

References in periodicals archive ?
Over the years, the share of the gray economy in Bulgaria ranged between 20.
the gray economy skilfully makes light of financial rules.
2 Expand the scope of applications for the purpose of combating the gray economy
Although definitions of the gray economy vary, the sources cited below restrict themselves to the production of legal goods and services whose production is deliberately hidden from the authorities so that the producers can avoid paying taxes, registering their firms, meeting regulatory requirements, or paying mandated benefits to their workers.
The flushing out of illegals will also help in controlling the gray economy," he said.
The gray economy ballooned in the 1990s when economic reforms eroded the Socialist-influenced, centralized economy in favor of the private sector.
With the amendments proposed by the Council of Ministers, cash payments were projected to be phased out from 10,000 to 1,000 BGN over the next two years as a means of combating the gray economy.
homelessness, gray economy and social exclusion with the ultimate consequence and impact on the whole spolecnost.
The IEA data show that the gray economy in Greece ranged between 22.
More investments should be made in raising competitiveness and subduing the gray economy," said Lukas Melka, representative of the EU Delegation in Skopje.
Bulgaria maintains significant levels of unemployment and gray economy, EU Commissioner for Employment, Social Affairs and Inclusion Laszlo Andor believes.
Reasons for the positive deviation in Montenegro for revenues during the first five months of this year are the realization of a package of fiscal adjustment, adopted late last year, and the activities that the authorities implement the plan combating the gray economy.
As regards the weaknesses, the report says the gray economy, the unemployment and the rising public debt remain to be challenges.
According to him, the share of gray economy has remained very high - between 35% - 40% over a long period of time.
Montenegro held the fourth session of the Commission to combat the gray economy, which was chaired by Dr Radoje A1/2ugiA Minister of Finance in the Government of Montenegro and the coordinator of the Commission.