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Burgas Municipality has received the BBB credit rating. The general evaluation has shown that the investment risk in Burgas is and it is a good place to invest. The financial audit of the municipality and the following credit analysis has outlined an income increase of 95%, low unemployment and increase of the tax income.
The size of the grey economy in Bulgaria is 30% of the country’s GDP or 21 billion levs for 2008 according to the Budget Committee of the Bulgarian Parliament. In comparison the whole of the budget for this year is 27 billion levs. The analysts claim that the negative tendency is due to the change of legal environment in Bulgaria after the EU accession together with the high expectations for the businesses in parallel with the political instability in the Interior and Economic Ministries.
The grey sector is mainly focussed in construction, tourism and agriculture. Most of the time the real turnover is not declared which leads to unreasonably low taxation.