Transparency: Bulgaria Has Improved Its Anti-Bribery EnforcementSociety | October 8, 2013, Tuesday // 16:59| views
Bulgaria has made some progress in its efforts to investigate corrupt companies using bribes to get ahead in business. Photo by thinkstockphotos.com
Bulgaria has made progress in efforts to investigate corrupt companies using bribes to get ahead, according to a report.
Bulgaria has a slight improvement in its efforts against cross-border corruption by companies doing business in the country, according to a report published on Tuesday, October 8th by Transparency International.
“Exporting Corruption - OECD Progress Report 2013” tracks the 40 countries’ efforts to investigate and punish corrupt companies who are using foreign bribes to get an unfair competitive advantage.
Under the 1997 Organisation for Economic Co-operation and Development (OECD) Anti-Bribery Convention, Bulgaria alongside 39 other countries have committed to making foreign bribery a crime.
The report assesses the progress of the 40 countries signed up to the Convention, placing them in four enforcement categories: Active Enforcement, Moderate Enforcement, Limited Enforcement and Little Or No Enforcement.
Bulgaria is classified as a country with Limited Enforcement and falls within the same group as France, Sweden, Norway, Denmark, Hungary, Portugal in the 2013 edition of the annual survey.
Bulgaria has “insufficient resources available to investigate and prosecute foreign bribery”, states this year's report, but still the country’s stance against foreign bribery has improved in comparison with 2012 when Bulgaria was placed in the same report within the group of countries with Little Or No Enforcement at all against foreign bribery.
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