Off the books transactions account for half of Ukraine’s GDP,

Danylo Hetmantsev, estimated the Chairman of the Rada’s Committee on Finance, Tax and Customs Policy, in an interview with Ukrinform, the state-owned news agency. “I believe that the size of the shadow economy is half of GDP,” he said. The exact figure no one can say, no research can be reliable, because the ‘shadow’ cannot be counted.”