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30% of Hungarian managers would not refuse dirty deal

  Thirty percent of top managers of big companies in Hungary would not refuse an offer to be part of corrupt activities, experts from consultancy Ernst and Young said on Friday, citing a joint survey with the Economy and Business Research Institute of the Hungarian Chamber of Commerce and Industry (MKIK).

 The managers at 300 companies with annual revenue of HUF 250 million-10 billion, employing at least 50 people, said corporate corruption adds up to 10% of the value of orders in Hungary.

Just 11% of the managers said their companies had hotlines used to report corruption anonymously. In Western Europe, 90% of companies have such anti-corruption hotlines.

The experts said it was surprising that 43% of the managers said they did not believe there was corrupt activity at their own companies.

The managers said 90%c of corrupt activity in Hungary is never uncovered. (MTI-Econews)