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!
The European Parliament has approved the EU's inaugural directive aimed at regulating the employment rights of individuals working through online platforms
In recent years, Moldova has been faced with the challenge of reducing its dependency on Russian gas imports.
As the Hungarian forint experiences volatility, German investors are increasingly advocating for Hungary to adopt the euro, reaching the highest level of support in over a decade
In a statement underscoring growing concerns over national security, FBI Director Christopher Wray has declared that the popular social media app TikTok poses a significant risk to the United States
Eurostat data indicates that Greece (161.9%), Italy (137.3%), France (110.6%), Spain (107.7%), and Belgium reported the highest public debt-to-GDP ratios among EU member states by the conclusion of 2023
A damning report from the US State Department has unveiled a troubling reality of systematic racial and ethnic violence and discrimination against Bulgarians in the Republic of North Macedonia
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022