EC: Corruption on the rise in Europe


Corruption costs Europe €120 billion a year, or around 1% of overall economic output, according to the first-ever report on graft in the 28-nation European Union by the executive European Commission.

The findings are part of the European Commission Anti-Corruption Report drafted by EU Commissioner for Home Affairs Cecilia Malmstrøm based on a Europe-wide opinion poll of citizens and businesses, which found that corruption was believed to be on the rise nearly everywhere.

The poll by the Eurobarometer data service found that Greeks perceived their debt-laden country as the most corrupt, while citizens and businesspeople in Denmark reckoned it was the freest from graft and bribes of the EU-28.

“A quarter of Europeans (26%) consider that they are personally affected by corruption in their daily lives,” read the report in part. “Respondents are most likely to say they have experienced or witnessed corruption in Lithuania (25%), Slovakia (21%) and Poland (16%) and least likely to do so in Finland and Denmark (3% in each), Malta and the UK (4% in each).”

For information on the assessment of Hungary within the Anti-Corruption Report, click here.


Avg Compulsory Vehicle Insurance Premium up 5% Figures

Avg Compulsory Vehicle Insurance Premium up 5%

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

4iG, Rheinmetall Establish IT JV Deals

4iG, Rheinmetall Establish IT JV

24th FIABCI Hungarian Prix d’Excellence Held Awards

24th FIABCI Hungarian Prix d’Excellence Held


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.