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text sizeBulgaria Loses BGN 1,3 bn over Fuel Contraband
"Over 1,3 billion levs (1 euro =1,95 levs) are siphoned from the state budget yearly due to fuel smuggling," announced Radostin Genov from "Security and Development" organization. According to him, the share of fuel trade in grey economy is bigger than the recently reported 30%. The sale of smuggled cigarettes on the Bulgarian market leads to losses worth at least 920 million levs, added Genov. Information revealed by Bulgaria's finance minister shows that smuggled cigarettes in Bulgaria constitute 40% of the market.
The total profit from tobacco trade in Bulgaria is 3,3 billion levs per year, specified Genov.
Katerina Ivanova
The total profit from tobacco trade in Bulgaria is 3,3 billion levs per year, specified Genov.
Katerina Ivanova
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