Romania slips to lower position in 2010 global corruption index.

By bne IntelliNews October 27, 2010
Romania's 2010 corruption perception index deteriorated for the first time since 2002, the newest report of Transparency International showed. The index, which reflects the degree to which corruption is perceived to exist among public officials and politicians, decreased to 3.7 from 3.8 in the previous year, Transparency International Romania reported. Among the EU member states, Romania ranks 25th, followed by Greece and Bulgaria. The deterioration marks abandonment of reforms and lower interest in the political factors, involved in reducing corruption, the head of Transparency International Romania, Victor Alistar, explained. The fact that the National Anticorruption Strategy has not been updated since 2007 has contributed to the worsening of the index, as well. According to Alistar, this has a negative impact on foreign investors' confidence at a critical moment when their risk aversion is already high.

Related Articles

Romania to spend EUR 37mn in 2013 to close down loss-making coal mines.

Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more

Romanias Hidroelectrica sells nearly 0.3TWh of electricity on free market.

Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more

Romania to start privatisation of cargo railway company on April 6-8.

The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss