(Paul Goble – Window on Eurasia – Staunton, August 28, 2019) Keeping track of the size of economic activity intended by those who engage in it to be off the books is not easy in any country, and it is especially difficult in Russia where, in many cases, senior officials are actively involved in or dependent on it and thus […]
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(Moscow Times – themoscowtimes.com – August 29, 2019) More than $175 billion had circulated in Russia’s shadow economy in 2017, according to the latest available official data analyzed by the RBC news website on Thursday. Russia’s State Statistics Service (Rosstat) defines the shadow economy as off-the-books salaries, unofficial employment and informal sales, but not criminal activity. Financial authorities say the […]
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MOSCOW. Aug 24 (Interfax) – The following is a digest of Moscow newspapers published on August 24. Interfax does not accept liability for information in these stories. POLITICS & ECONOMICS Given the protracted economic crisis and falling incomes, Russians are increasingly seeking work in the shadow economy. Since 2016, the share of Russians who have at least occasionally worked unofficially […]
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(Paul Goble – Window on Eurasia – Staunton, July 2, 2017) According to the international Association of Chartered Certified Accountants, 39.3 percent of the Russian economy remains in the shadow sector, making Russia one of the leaders in this regard and meaning that 35.55 trillion rubles (600 billion US dollars) of economic activity there are off the books and not […]
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(Bloomberg – bloomberg.com – Evgenia Pismennaya, Ilya Arkhipov – July 13, 2016) Just about every other worker in Russia has gone missing. Uncounted by statisticians and invisible to tax collectors, a population the size of Texas — or about 30 million people — plies its trade in the nooks and crannies of what’s become known as the “garage economy.” There, […]
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