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BAKU: WB cites widespread corruption in Armenia

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  • BAKU: WB cites widespread corruption in Armenia

    WORLD BANK CITES WIDESPREAD CORRUPTION IN ARMENIA

    AssA-Irada, Azerbaijan
    July 26, 2006 Wednesday

    Corruption and bribery in Armenia has increased compared to previous
    years, the World Bank said in a recent report. A survey conducted
    among representatives of numerous private companies of the country
    suggests that Armenian companies continued to give bribes last year,
    the WB Yerevan office said. Armenian customs and taxation bodies
    are the most corrupt, as businesspeople and potential investors
    continue to face serious problems in this area and are regularly
    prompted to give bribes, according to the study. Corruption is also
    ingrained in the judiciary field, although its levels remain unchanged
    compared to 2002, the WB said. The World Bank experts indicated that
    corruption poses serious risks to business in Armenia, Tajikistan
    and Uzbekistan. The reforms in Armenia, Russia and Albania carried
    out in 2002-2005 to solve the problem were very slow. The cases of
    corruption are widespread in the registration of companies in Armenia,
    Russia and Moldova, the report said. The WB research of this kind is
    conducted in 26 countries and Turkey three times a year.
    From: Baghdasarian
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