ZAGREB, July 27 (Hina) - Croatian companies spend less on bribery than companies in other transitional countries, according to Trgovina (Trade) magazine. Assessing the business operations of 3,000 Croatian companies, experts from the
European Bank for Reconstruction and Development (EBRD) have found that they spend only 2.1 percent of their annual income on bribery. According to figures from the EBRD, companies in Slovenia spend 3.4 percent on bribery and those in the former Soviet republic of Georgia as much as 8.1 percent. The figures show that Russian companies are most inclined to bribery to win lucrative business deals abroad. The full scale of corruption in Croatia is unknown although it is widely known that it affects normal business operations, keeps foreign investors away and discourages domestic entrepreneurs. According to some estimates, only 4 percent of corruption cases are report
ZAGREB, July 27 (Hina) - Croatian companies spend less on bribery
than companies in other transitional countries, according to
Trgovina (Trade) magazine.
Assessing the business operations of 3,000 Croatian companies,
experts from the European Bank for Reconstruction and Development
(EBRD) have found that they spend only 2.1 percent of their annual
income on bribery.
According to figures from the EBRD, companies in Slovenia spend 3.4
percent on bribery and those in the former Soviet republic of
Georgia as much as 8.1 percent. The figures show that Russian
companies are most inclined to bribery to win lucrative business
deals abroad.
The full scale of corruption in Croatia is unknown although it is
widely known that it affects normal business operations, keeps
foreign investors away and discourages domestic entrepreneurs.
According to some estimates, only 4 percent of corruption cases are
reported.
From 1992 to 1997, a total of 3,316 corruption-related cases in
Croatia were reported, charges were pressed in 1,408 cases and
final court judgements were handed down against 570 persons, the
business magazine said.
(hina) vm