CASH IN HAND
November 13th, 2008 — 2:18pm
The total amount paid cash in hand by Bulgarian companies to their employees totals 4 billion levs (2 billion Euros) per annum according to Mediana social agency. More than 50% of the Bulgarian workforce confess that they receive part of their income unofficially, according to the Ministry of Social Affairs. The average income for the country is 523 lv. At the same time many Bulgarians have bought new homes and cars. According to the General Labour Inspectorate, 90% of the inspected companies have labour contracts with their employees at the minimal wage. The loss of the state in unpaid tax is enormous.