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
Viktor Orbán: economic growth exceeding three percent is realistic next year
Economic growth exceeding three percent in 2025 is realistic in…
Read more >The pork sector is in a difficult situation: rising costs, falling consumption and changing habits
The domestic and EU pork sector has been facing challenges…
Read more >The Ministry of Finance asks people to spend in an information letter
The Ministry of National Economy (NGM) will inform members of…
Read more >