Grey economy at 15% of GDP

Eurostat, the European Union statistics agency, estimates Slovakia's 'shadow' or 'grey' economy represents 15% of the country's official GDP. Other studies have suggested the figure is as high as 17%.

Illegal labour is thought to be widespread in the business sector. Many employers and employment experts point to generous unemployment benefits, a relatively high minimum wage and high employer taxes as reasons for a burgeoning shadow economy.

The same agency also puts health sector bribes at Sk12 billion ($248 million) a year, or about $46 for each Slovak resident.

The EU warned in a recently released annual report on the country that corruption was widespread in many sectors and urged the government to take more steps to combat graft and increase transparency.

Get daily Slovak news directly to your inbox

Top stories

Three rounds of testing should take place before Christmas

The first round will be nationwide and should take place in two weeks.

Who was behind the sale of one of the biggest banks in Slovakia

The largest law firms were involved in several innovative projects, too.

Which are the largest law firms in Slovakia?

For the first time, the ranking also provides an overview in partial categories of law.

Using only antigen tests for mass testing was the right move, says American mathematician

The rounds of testing work like the layers of a filter, removing a large fraction of infected individuals in each round, says Daniel Larremore.

Free antigen testing