shadow economy

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.

Lithuanian Free Market Institute (LFMI) introduces a new periodical publication “Lithuanian Shadow Economy“. The publication provides data about shadow economy in Lithuania and more specific data and insights in alcohol, fuel and cigarette markets.

Lithuanians, Latvians and Estonians think that the primary cause of smuggling is taxes higher than the living standards in these countries, which generates differences in prices