TRACE International: Georgia ranks in top 30 countries with less business bribery risk
The top ten countries with lowest business corruption risks are Denmark, Norway, Finland, Sweden, New Zealand, Netherlands, Switzerland, Germany, United Kingdom, and Iceland. Photo: emerging Europe.
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The 2020 TRACE Bribery Risk Matrix ranked Georgia in 28th of 194 counties in its annual bribery prevalence in business measurement.
Georgia received a score of 25, TRACE International says.
The overall country risk score is a combined and weighted score of four domains: Business Interactions with Government; Anti-Bribery Deterrence and Enforcement; Government and Civil Service Transparency; and Capacity for Civil Society Oversight, including the role of the media,” says TRACE International.
The Institute for Development of Freedom of Information (IDFI) says that Georgia ranked 27th among 200 countries with a score of 26 in 2019. The country’s results were identical in 2018.
However, these rankings were also a deterioration compared to 2017 when the country came in 25th out of 200 countries with a score of 23.
The TRACE Bribery Risk Matrix assess the nature of corruption in the following four areas:
- Deterrence - refers to the anti-corruption policy pursued by the government and the public's attitude towards bribery; Georgia has got 39 points
- Oversight - considers the quality of media and its freedom as well as the involvement of the public; Georgia has got 28 points
- Transparency - examines good governmental and financial transparency; Georgia receives 26 points
- Opportunity - considers the business relationship with the government, the expectation of paying a bribe to the government and the burden of regulation; Georgia receives 17 points
The lowest score indicates the lowest risk of corruption in the field.
The lowest risk of corruption in business at the international level is in Denmark, so it stands first in the ranking with a total score of one. The highest risk of business corruption was recorded in North Korea, which ranks 194th with a total score of 93.
The top ten countries with lowest business corruption risks are Denmark, Norway, Finland, Sweden, New Zealand, Netherlands, Switzerland, Germany, United Kingdom, and Iceland.
As for Georgia’s neighboring countries, Azerbaijan stands in 136th place which means that it has more prevalent business corruption compared to Russia which ranks at 127 and Turkey which stands at 114 on the list.
Meanwhile, Amenia has lower corruption risk in business compared to these countries and stands in 43th place on the list, coming after Georgia in the region.
The TRACE Matrix was originally developed in 2014 in collaboration with RAND Corporation.
Transparency International Georgia reports that 29 out of 64 ministers and deputy ministers have business interests and have not completed asset declarations required by the law this year.
Global anti-corruption organisation, Transparency International (TI) has today released its annual Corruption Perceptions Index (CPI) and Georgia has moved to 41th position this year
The Georgian government has confirmed the 2019-2020 anti-corruption strategy and an action plan, the fifth of its kind and the first which have undergone assessment by the EU, Georgian Justice Minister Tea Tsulukiani said.
Georgia – one of Europe’s least corrupt nations
The report by Transparency International showed 12 percent of the Georgian population named corruption/bribery as one of three major problems the country currently faced, while this number was much higher in Georgia's immediate neighbour countries.
Georgia has ranked 37th among 180 countries in the Global Sustainable Competitiveness Index. The Global Sustainable Competitiveness Index measures the sustainable competitiveness of countries by calculating 116 measurable, quantitative indicators derived from sources such as the World Bank, the IMF, and various UN agencies.
Transparency International has released its Government Defence Integrity Index (GDI) for 2020, the world’s leading assessment of corruption in government defence institutions, in which Georgia placed third in Central and Eastern Europe after Latvia and North Macedonia, with some of the least corruption risk in the region.
The European Union and World Bank joint project ‘Georgia Financial Inclusion and Accountability’ in partnership with the National Reforms Support Foundation in Accounting, Reporting and Auditing (RSF), held a virtual award ceremony yesterday to announce the winners of the ‘Best Annual Report and Transparency Award’ (BARTA).
For the first time Georgia was named among the top 20 European countries in the Open Data Inventory (ODIN) Report 2020, announces Georgian National Statistics Office (Geostat). Georgia ranked 31st globally out of 187 countries, with an overall score of 69. The overall score is a combination of a data coverage subscore of 62 and a data openness subscore of 74.
Transparency International Georgia (TI Georgia) says that the current situation regarding corruption in Georgia is characterized by ‘impressively low levels of petty corruption combined with near total impunity for high-level corruption’.
Georgia ranks 29th of 194 counties in the Business Bribery Risk Index 2021, while in 2020 the country ranked 28th in the list, Trace International reports.
Georgian Prime Minister Irakli Garibashvili says that the country observes International Anti-Corruption Day today ‘with impressive achievements.’