Hungary slips in Transparency International ranking
Hungary fell eight positions from last year to 47th on Transparency International's 2008 Corruption Perceptions Index.
Hungary fell behind the Czech Republic in the ranking for the first time. It was also behind Estonia and Slovenia.
Transparency International's local branch criticized the lack of transparency in Hungary's party and campaign financing and its overly complicated public procurement system in a press release. It also cited the weakness of law enforcement and light sanctions in corruption cases as big problems.
“If no effective action is taken against corruption, Hungary may easily slide down the ladder in the next few years,” the statement said.
Hungary scored 5.1 on a scale of 1 to 10 in the 2008 index, down from 5.3 in 2007. The change is within the statistical margin of error, the statement noted. (MTI – Econews)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.