Romania’s shadow economy on downward trend in recent years, accounts for around one eighth of GDP

Romania’s shadow economy has been on a downward trend in recent years, reaching 13.1% of GDP in 2023, down from 31.3% of GDP in 2000, 19.5% in 2013, or 15.1% in 2019, according to data from Ernst & Young consulting company. „Over the last 25 years, estimates have been put forward about the size of […]