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Nearly half of Slovak firms ready to offer a bribe to keep a contract

Consulting firm EY published its 15th global fraud survey

(Source: Sme)

The international EY Global Fraud Survey indicates that corruption in business relations in Slovakia is not much of a surprise. Based on the survey up to 44 percent of Slovak respondents are ready to offer a bribe in order to keep a contract during an economic downturn. Only Saudi Arabia with 54 percent, and Malaysia with 46 percent, had a worse result in this survey. In the Czech Republic, this share is only 12 percent and the world average is 13 percent, the SITA newswire reported.

Slovakia registered similarly unpleasant results in other categories, too. For example, as much as 82 percent of Slovak managers are prepared to use some unethical practices like bribes, expensive gifts or trips for entertainment. Slovakia even tops this category followed in the survey by Malaysia with 76 percent and Indonesia with 74 percent. In the Czech Republic this is 64 percent where the average for eastern Europe is 40 percent and in western countries only 29 percent of the respondents.

Simultaneously, entrepreneurs in Slovakia realise that corruption in business means a risk to their business.

“Companies very much realise the risks of corruption and fraud and the importance of ethics and integrity in doing business,” said Matej Bošňák, country managing partner at EY Slovakia, as cited by SITA.

The EY consulting firm collected data for its survey at the turn of 2017 and 2018 in 55 countries from over 2,500 managers from large companies.

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