Bulgaria Achieves Best Anti-Corruption Ranking in Over a Decade
In a notable shift, Bulgaria has received its highest score in the fight against corruption in more than a decade
Bulgaria has regressed in the OECD Anti-Bribery Convention enforcement, a new report by Transparency International has shown.
“Fifteen years after the Convention entered into force, there are still 22 countries with Little or No Enforcement and eight countries with only Limited Enforcement. As a result, the Convention’s fundamental goal of creating a corruption-free level playing field for global trade is still far from being achieved,” Transparency International said in its Progress Report 2014 .
The OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, adopted in 1997, requires each signatory country to make foreign bribery a crime for which individuals and enterprises are responsible.
The performance of each country is assessed according to the number of new investigations it has launched and moved them forward to court proceedings.
In its tenth annual progress report on OECD Anti-Bribery Convention enforcement released last week Transparency International said there are ‘a few improvements’ that can be reported, but the performance of the majority of the countries that agree to combat foreign bribery in international business transactions is ‘far from satisfactory’.
Canada and New Zealand are the only countries to have improved since 2013, while Bulgaria and Denmark have both dropped from the ‘Limited Enforcement’ to the ‘Little or No Enforcement’ category.
The classification of other countries has not changed.
The OECD Anti-Bribery Convention is a key instrument for curbing the export of corruption globally because the 41 countries that had signed it account for about two-thirds of world exports and nearly 90% of total foreign direct investment outflows, the report said.
Germany, Switzerland, the UK and the US, which together are responsible for 23.1% of world exports, are ranked in the ‘Active Enforcement’ category.
A total of 22 countries, which between them represent 27% of world exports, are in the ‘Little or No Enforcement’ group. Besides Bulgaria and Denmark, other countries in that category include Japan South Korea, Russia, Ireland, Poland, Turkey, the Czech Republic, Greece, Slovenia and Estonia.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
CIA Director William Burns has issued a stark warning, asserting that Ukraine may face defeat in its war against Russia by the end of this year if the United States does not step up its military assistance
EU Commissioner for Home Affairs Ylva Johansson conducted an inspection of border control measures at Sofia Airport, marking a significant step in Bulgaria's accession to the Schengen Area by air
Romania is making strides toward joining the Visa Waiver Program, a significant milestone that would enable its citizens to travel to the United States visa-free for up to 90 days
More than 100 pro-Palestinian demonstrators were arrested Thursday night at Columbia University in New York City
A Russian airstrike on the city of Dnipro in central Ukraine has resulted in the loss of at least eight lives and left 21 individuals wounded
Ukraine's military announced the destruction of a Russian Tu-22 strategic bomber, allegedly involved in nighttime airstrikes targeting Ukrainian cities
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022