Trademagazin > News and articles > Market News > Visa: The driving back of cash use would help the fight against underground economy
Visa: The driving back of cash use would help the fight against underground economy
According to the study of Visa Europe; the size of the European shadow economy can be 2,100 billion euros, which is an average 20 percent of the GDP in the European states, while in Hungary it can reach 22 billion euros, 24 percent of the country's GDP.
According to the study, the datas are ranging between the 8 percent of Switzerland and Austria, to the other end where the other Central and Eastern Europe countries stand, where the shadow economy is more than 30 percent of the GDP.
Related news
More related news >
Related news
You can still save, but not on all margin-stopped products
Although the effect of the Hungarian price caps is starting…
Read more >More than 13 tons of donations were collected at the joint Easter campaign of NOE and CBA
More than 13 tons of donations were collected during the…
Read more >Frosty spring, severe damage: fruit harvest could collapse in 2025
The April frosts caused serious damage to Hungarian fruit production:…
Read more >