Georgia ranks 29th of 194 counties in a Business Bribery Risk Index 2021, while in 2020 the country ranked 28th in the list, Trace International reported.
The country risk score is calculated based on four domains: business interactions with government, anti-bribery deterrence and enforcement, government and civil service transparency and capacity for civil society oversight (including role of media).
The Institute for Development of Freedom of Information (IDFI) reports that the business corruption index in Georgia has deteriorated since 2017 by three points.
The lowest risk of corruption in business at the international level is in Denmark, while the highest risk was detected in North Korea.
The leading countries with the lowest business bribery risks are Denmark, Norway, Sweden, Finland, New Zealand, Germany, the Netherlands, Switzerland, the United Kingdom and Canada.
As for other South Caucasian countries, Azerbaijan ranks 140th in the list and Armenia 47th.
The TRACE Matrix was originally developed in 2014 in collaboration with RAND Corporation. The data are annually updated by TRACE. (Agenda/Business World Magazine)
