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Corruption permeates Hungarian economy

D&T
April 19, 2016

The perception of bribery and corruption among corporate executives has not changed meaningfully over the last four years, according to the 14th Global Fraud Survey by Ernst & Young. 39% of respondents considered bribery and corrupt practices to happen widely in their country, with no improvement since the last survey. In Hungary, this ratio is well above even the regional average at 66%.

In Ukraine, 88% of respondents believe that bribery and corruption is widespread in their country, and the corresponding ratio is 86% in Thailand and Nigeria, 70% in Slovakia, 60% in Croatia, 54% in the Czech Republic and 66% in Hungary, which is extremely high compared to the average of 21% on developed markets and 46% in eastern Europe.

As the financial website portfolio.hu notes, in Hungary, two thirds of respondents believe state prosecution is ineffective, which is 10 percentage points higher than the regional average and 25 ppts higher than the result on developed markets.

D&T

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