Cyprus Mail
Business

Four in five Cypriot managers see bribery, corruption widespread

The accounting firm EY (Ernst & Young) said that 81 per cent of interviewed Cypriot managers said that they consider bribery and corruption to be widespread on the island, placing Cyprus on the second place among 41 peers.

Ukraine topped the list with 88 per cent of the interviewed managers, EY said in a statement on its website. Greece, Slovakia and Croatia came third, fourth and fifth with 81 per cent, 81 per cent and 79 per cent of interviewed managers considering bribery and corruption widespread in their respective countries.

On the other hand, only 6 per cent of Danish managers considered bribery and corruption widespread in their country which was the lowest among those surveyed, followed by Norway and Finland with 10 per cent and 16 per cent respectively, EY said. Switzerland and Sweden followed with 18 per cent of managers in both cases considering that bribery and corruption was happening in their countries.

Cyprus was not included in the previous survey. In Greece, the portion of managers considering corruption widespread in the country rose from 62 per cent in 2016 after it fell from 69 per cent in 2015 and 71 per cent in 2014.

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