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Saturday, 20.04.2024, 04:52
55% businessmen say corruption in Latvia is very common
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At the same time, Latvian business leaders believe that financial performance in Latvia is at a high level.
The results of the survey of 3,800 respondents across 38 countries show that 55% of Latvian business owners believe that bribery and corrupt practices happen widely in business in Latvia, which is a slightly better result than in Russia (60%), and significantly worse than in France (29%), Germany (26%), Estonia (21%), and countries with the lowest corruption awareness level – Sweden (10%) and Denmark (4%).
The highest number of European respondents, who believe that corruption in their country is widespread is in Croatia (92%) and Slovenia (87%).
EY's survey reveals that business representatives in Latvia have a higher opinion of the level of transparency in financial reporting and accuracy in their country than those in Eastern Europe and even the most developed countries. Only 22% of Latvian respondents believe that companies in Latvia report financial performance as better than it actually is, as compared with 39% in Eastern Europe and 33% in the most developed economies.
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