Shadow Economy: Are the Stop Signs In Place?


Even in times of rapid economic growth many EU states struggle in their fight with illicit trade and undeclared labour. The risk of growth of the shadow economy may begin to rise as economic forecasts worsen.

What drives illicit trade and the undeclared labour market? What causes come to play the most in the illegal excise goods market: is it taxes and regulation, public justification of the shadow economy, or flawed detection and penalties? Finally, are governments using the right strategies to counteract illicit economic activity?

New empirical research from the Lithuanian Free Market Institute provides unique evidence of the actual drivers of the shadow economy from a comprehensive cross-country perspective.

The event will discuss key arguments that should underlie EU decision making if we are to see any breakthrough in minimizing the staggering and disturbing differences in levels of illicit trade and labour among member states.


Tuesday, 10 September 2019

Registration & Light Lunch: 12:00h

Event: 12:30 – 14:00h


Venue: Radisson RED, Rue d’Idalie 35, 1050 Brussels


Kindly register for this event by 6 September at *



Thomas Ilka

Director European Dialogue,
Friedrich Naumann Foundation for Freedom



Prof. Dr. Friedrich Schneider,

Johannes Kepler University of Linz


Vytautas Žukauskas,

Vice President, Lithuanian Free Market Institute



Aleksander Laszek,

PhD, Chief Economist, Civil Development Forum (PL)


Ieva Valeškaitė,

Policy Expert, Lithuanian Free Market Institute


Svenja Hahn
MEP, Renew Europe (FDP)


Heinz Jansen

DG ECFIN, Head of Unit, Directorate E



Vytautas Žukauskas,

Vice President, Lithuanian Free Market Institute


*Please note that you will be forwarded to a Google Drive sheet. Should you wish to register with us directly, please send an email to