SEB presents a study on the Baltics’ shadow economy and business culture

On Thursday 30 June at 11 a.m., Professor Arnis Sauka of the Stockholm School of Economics will be presenting a study on the shadow economy and business culture of Estonia, Latvia, and Lithuania.

The study addresses several aspects of shadow economy, such as cash in hand, which accounted for 17.7% of all salaries in Estonia in 2015 according to the study. This exceeds the figure of the previous year by 3.1% respectively.

At the presentation, Professor Sauka will be giving an overview of the completed study. Ivar Laur, Chief Specialist of the Intelligence Department of the Estonian Tax and Customs Board will then present an explanation on how labour taxes are collected in Estonia and on the situation with the registration of employees.

Dear journalists!
The study will be presented on the second storey of the main building of SEB (2 Tornimäe St, Tallinn). We ask you to take with you an identity document with a picture when you come to the presentation! Please send an e-mail to evelin.allas@seb.ee or call 66 55 649 to inform us of your participation, if possible.

This is the sixth Baltic Shadow Economy Index study conducted among large-scale enterprises in the Baltic States and carried out by the Stockholm School of Economics in Riga. The authors of the study are Professor Arnis Sauka of the Centre for Sustainable Business of SSE Riga and Professor Tālis Putniņš of SSE Riga. The performance of the study is sponsored by SEB Pank.

Presentation of Arnis Sauka
Presentation of Ivar Laur
Commentary from Ivar Laur
Commentary from Arnis Sauka

Evelin Allas
Communication Manager
Marketing and Communications Division
SEB

telephone +372 665 5649
mobile  +372 511 1718
address 2 Tornimäe St, 15010 Tallinn
e-mail evelin.allas@seb.ee
www.seb.ee