After three years of decline, illegal trade in alcohol is on the increase, shows a research by the Lithuanian Free Market Institute (LFMI). According to LFMI, this year the shadow economy occupied 24% of the spirits market in Lithuania, representing an increase by two-percentage points since 2015.
The objective of the study “The Seen and the Unseen Effects of the Entry of Modern Retail1 in Bulgaria: Facts Against Myths” is to examine a number of popular claims that have been circulating in the media, and public debates. They often become grounds for political action and even legislative initiatives against modern retail formats.
The European Commission has launched a legislative initiative on cash payment restrictions aimed at exploring the rationale for the introduction of upper limits on cash transactions. LFMI presents its position on the issue of restricting cash payments as a measure to fight against criminal activity, terrorism and the shadow economy.
A multitude of research shows that the shadow economy in Lithuania is decreasing. Yet, the pace of change is not as fast as desired. The level of the shadow economy remains high and there are still plenty of reasons for this kind of economic activity to emerge.
We are delighted to present you the 3rd issue of “4liberty.eu Review” devoted to the shadow economy in CEE. Read the editorial below and preview the magazine on Issuu. Enjoy!
The goal of the project was to unfold and analyze the composition, causes and consequences of the shadow economies in Lithuania, Latvia, Estonia, Poland, Sweden and Belarus and to draw policy recommendations for tackling the shadow economies in the respective countries.
Cash payment restrictions would increase individual and corporate expenses and would cause payment inconveniences. How would one be expected to make larger payments at weekends when interbank transfers are not made? A forced „banking“ of cash reduces competition among payments methods.
The shadow economy in Lithuania is contracting but it remains widespread. A third of people in Lithuania have friends or relatives who work in the shadow labour market and receive part of their wage or their entire wage “under the table.”
The Centre for Economic and Market Analyses (CETA) found out the calculation of the social cost of gambling in the Czech Republic and the actual regulatory impact assessment (RIA) suffer from obvious shortcomings. Therefore, we decided to prepare five basic recommendations for the effective regulation of gambling in our country.
The Centre for Economic and Market Analyses published a study about the shadow economy in the Czech Republic. The study deals with the theoretical aspects of shadow economy, methodology and definition, it includes international comparison, determination of driven factors as well as provides a further analysis of chosen industries.