Global Financial Integrity

 

Corruption

Romania’s Corruption Remains Undefeated Despite Progress

When in 2007 Romania joined the European Union (EU), it was one of the poorest and most corrupt nations in the union. Ten years later, Romania demonstrates the fastest economic growth in the EU (in 2016 GDP grew by 4.8 %), it is considered as the next tech-startup hub country, and its digital infrastructure makes it an attractive location for tech investments. Despite the growth in recent years, Romania is the second-worst in the EU for the risk of poverty and social exclusion. And while the government struggles to meet its budget collection target, corruption and mistrust in government impede economic development.

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Is Bulgaria Losing the War on Corruption?

Bulgaria is not only the poorest country in the European Union (EU) but also is the most corrupt; greater financial transparency would help address both challenges. Every year the country loses 14 and 22 percent of its...

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