Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

http://www.businessweek.com/news/2011-12-01/russia-s-corruption-ranking-at-four-year-low-transparency-says.html

Bloomberg News

Russia’s Corruption Ranking at Four-Year Low, Transparency Says

December 01, 2011

Dec. 1 (Bloomberg) -- Russia’s ranking among the world’s most corrupt nations fell to the lowest level since 2007, the year before President Dmitry Medvedev came to office, according to Transparency International.

Russia was classified as the 143rd most-corrupt country out of 182 surveyed in Transparency International’s 2011 Corruption Perceptions Index, an improvement on its 154th place the previous year. Even with the improved ranking, Russia remains the world’s most corrupt major economy, with higher levels of graft than in Pakistan, Cameroon and Niger. New Zealand is the least corrupt country and Somalia the most, according to the Berlin-based anti-corruption watchdog.

Medvedev, 46, a former corporate lawyer, repeatedly promised to fight corruption and improve the rule of law. He agreed in September to step aside next May to make way for the return of Prime Minister Vladimir Putin to the presidency. Putin, 59, a former KGB officer, has been in power since 2000 and may serve as president for another 12 years.

Russians paid at least 164 billion rubles ($5.35 billion) in bribes last year to buy off teachers, traffic policemen and others in “everyday” situations, almost double the level in 2001, the Economy Ministry said in June.

--Editors: Andrew Langley, Jennifer Freedman

To contact the reporter on this story: Henry Meyer in Moscow at hmeyer4@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus