ZAGREB, July 26 (Hina) - Compared to other transition countries, Croatian companies spend the least on bribes, according to an article in this week's Trgovina business magazine.
ZAGREB, July 26 (Hina) - Compared to other transition countries,
Croatian companies spend the least on bribes, according to an
article in this week's Trgovina business magazine. #L#
After examining the operations of 3,000 Croatian companies,
European Bank for Reconstruction and Development experts have
established that only 2.1 percent of annual turnover goes to pay
bribes.
According to the Bank's data, companies in Slovenia spend 3.4
percent of annual turnover on bribes, while in Georgia the figure is
as high as 8.1 percent. Data show that Russian companies are the
most inclined to pay bribes in order to land profitable deals
abroad, says the article.
Of course, the extent of corruption in Croatia is unknown even
though "everyone" knows it hampers normal business, turns away
foreign investors and destimulates domestic entrepreneurs, the
article read.
It is estimated that only four percent of cases of corruption in
Croatia get reported. A total of 3,316 corruption-related reports
were made in the 1992-7 period, when 1,408 indictments were filed
and 570 persons were sentenced.
(hina) ha