Hungary has been pumping out the positive spin on economic news for over a year now.
Back then it was surely premature, but with inflation and the base rate at record lows and economic growth finally appearing – some independent analysts forecasting around 1 per cent expansion this year – there is some evidence to support claims of success.
So Tuesday’s news from Transparency International (TI) that Hungary’s ranking in its annual Corruptions Perceptions Index (CPI) is virtually unchanged from last year would appear, if not good news, at least to avoid any further bad headlines about sliding down a slippery slope. After all, the country dropped just one place, to 47 out of 177 countries examined, with 54 points on a scale of 100, also just one less than 2012.
Not so fast, warns Jozsef Peter Martin, TI executive director in Budapest. Read more
Transparency International’s latest report on emerging markets companies has slammed Chinese companies for their lax reporting standards, comparing them unfavourably with the relatively more open Indian corporate scene.
Faring little better than their Chinese counterparts were a handful of Middle Eastern companies included in the report. Read more
When it comes to big EM companies and reporting standards, there is a lot to be desired. That’s the conclusion of a new report by Transparency International, which has compiled a scorecard for the 100 biggest emerging markets companies.
But not all EMs are alike. China in particular comes in for a lot of criticism. Read more
When Transparency International reported this week that a third of Taiwanese said they paid a bribe last year to get government services, it sparked some anger in Taipei.
Many question whether Taiwan is really that corrupt – equal on that measure to Indonesia, by TI’s count. But the report has hit just as the government is trying hard to spark its flagging economy by encouraging more foreign investment. This is the kind of PR it doesn’t want. Read more
Reading this week’s Transparency International report into corruption it’s easy to conclude that most of the problems are concentrated in emerging markets, far away from the business centres of the US, Europe or Japan.
Thursday’s news from Rolls-Royce shows this is a dangerous illusion. The British company announced that it was passing an internal review to the Serious Fraud Office following allegations of corruption at the engine maker’s Chinese and Indonesian intermediaries. As with so much else, globalisation has made corruption everybody’s concern. Read more
Transparency International’s corruption perceptions index provides an annual league table on who’s up and who’s down in global corruption.
As usual, the Scandinavians top the clean list and the basket cases are at the bottom. The real interest lies in which countries have made the greatest gains or losses. This year, the fastest climber is East Timor, up 30 places to 113 out of 176 countries, and the African island of Sao Tome, up 28 at 72. Just behind are two significant emerging economies – Mongolia, up 26 at 94, and the Philippines, up 24 at 105. Read more