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Business    

Ukraine companies spent 10% of revenue on bribes, report shows
Journal Staff Report

KIEV, Nov. 2 – Companies operating in Ukraine in 2010 spent around 10% of their turnover on unofficial ways of resolving problems with various state officials, which is evidence of the growth of corruption, said Serhiy Osavoliuk ,head of the IFC project 'Investment Climate in Ukraine as Seen by Private Businesses.’

"Companies cannot communicate with state bodies without using unofficial ways of solving problems. According to a survey, 10% of enterprise turnover was spent on corruption in 2010, while in 2008 the share was 8%," he said during the presentation of the survey results on Tuesday.

According to the survey, 25% of businessmen gave presents to state officials whose decisions could affect the enterprise.




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