Corruption in Europe

in Business Risk

The European Commission for Home Affairs released a study that found the European Union loses at least $162 Billion (€120 Billion) to corruption each year.

More than 75 percent of citizens in EU member states believe that corruption is widespread in their country. More than half also stated that they felt corruption was increasing in their country.

The top countries where citizens expected to pay bribes to officials were in Bulgaria, Croatia, the Czech Republic, Greece, Hungary, Lithuania, Poland, Romania and Slovakia. In these countries, between 6 to 29 percent of people surveyed reported that they had either been asked for a bribe or was expected to pay a bribe within the last year. In many of the incidents, the bribes were prevalent in the healthcare industry. An example was previously reported in about the corruption in Romania’s healthcare industry.

The lowest rate of bribes were reported in the United Kingdom, where less than 1 percent reported that they either paid a bribe or were expected to.

In a survey of businesses, four out of 10 companies stated that corruption was an obstacle to doing business in the EU.

(More on the effects of corruption.)

:  “Corruption across EU ‘breathtaking’ – EU Commission,” BBC News, February 3, 2014.

Previous post:

Next post: