Browsing: grey economy

The grey economy poses significant challenges to Montenegro’s fiscal health and economic integrity. Recent government initiatives aimed at establishing a national registry for craftsmen and independent service providers represent a strategic effort to integrate informal economic activities into the formal sector. This move, while seemingly straightforward, carries profound implications for tax collection and overall economic stability.

Estimates indicate that the informal economy in Montenegro constitutes approximately 20–30% of the country’s GDP, which translates to an annual economic activity of between €1.4 billion…