The Government prepares measures to suppress grey economy

In recent years, the Government of Montenegro has made extensive efforts to suppress grey economy, including amendments to labour legislation, signing General Collective Agreement, defining minimum wage and conducting regular inspections, Deputy Prime Minister Igor Luksic pointed out Monday at the meeting with the Minister of Labour and Social Walfare, chief labour and tax inspectors, representatives of the Trade Union, Montenegro Business Alliance, Employers Union and Chamber of Commerce.

Minister Luksic also stated that the labour market grey economy was directly detrimental to employees, who, apart from being denied the compulsory social insurance, are also faced with the impossibility to exercise their labour and other rights. At the same time, grey economy has a negative impact on public revenues, because it causes the loss of significant budgetary funds. Although the adoption of the new General Collective Agreement reduced labour market grey economy, it is necessary to continue with efforts to suppress it, said Minister Luksic.