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grey market
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grey market

Dealing in shares using methods that are legal but officially frowned upon – for example, before issue and flotation – or in goods through distribution channels other than those authorized or intended by the manufacturer.
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Public Revenue Office Director Goran Trajkovski said the scope of the grey economy is 35-40 percent and stressed that 98 percent of the claims for VAT refund are being realized within the legally prescribed period.
PRO: Macedonia has grey economy of as much as 40% by INFOMAC Daily News Service
In an interview with Focus news agency, Tonchev said that the Tourism Act has to be re-examined and re-evaluated, and the long-term strategy for tourism development has to be re-assessed, if the sector's grey economy is to be successfully tackled and controlled.
Grey tourism by The Sofia Echo (Sofia, Bulgaria)
And as I reach the hotel, through the leafy cobbled streets and cafE[umlaut]s of downtown Sofia, it truly feels like a European capital, but the headline in the local paper in tells me the grey economy accounts for at least 37 per cent of GDP.
The slow train to Sofia.. by Cyprus Mail (Cyprus)
 
 
 
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