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Published: 13 september 2012 17:26

Lithuania's spirits market most burdened by shadow economy

Draudimas pardavinėti alkoholinius gėrimus.
Irmanto Gelūno / 15min nuotr. / .

Lithuania's strong alcoholic drinks market has the highest share of black market activity, and large parts of the cigarette and fuel markets are "in the shadow" as well, according to the results of a study released by the Lithuanian Free Market Institute (LFMI).

This year, the shadow share of the strong beverage market accounts for 36 percent in terms of volume, 29 percent in the cigarette market and 18 percent in the fuel market.

With the country's economic situation improving, the share of the shadow economy in the cigarette market is on the decline, compared with its peak level of 43 percent in 2010, the LFMI notes.

The study was conducted in the spring and summer of this year based on surveys of 389 local government administration officials, 3,500 people, and market specialists, and as well as data provided by market players.

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