Black economy remains strong

  • 2013-05-15
  • From wire reports
VILNIUS - A fifth of all of Lithuania’s residents last year had illegal income, reports Kauno Diena. Though the shadow labor market has been shrinking over the last years, it still remains very large, even though employers face hefty fines if caught paying black wages.According to the results of an annual study by the Lithuanian Free Market Institute (LLRI), in 2012 a total of 22 percent of Lithuanian residents had illegal labor income. In the last four years, the shadow labor market has decreased by half, yet, compared to 2007, it still rose twofold.“According to o...
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