TURKEY FLIES HIGH IN WORLD BRIBERY LIST

11:25 ~U 30.05.13

Turkey ranks among the worst 10 countries in which bribery is commonly
used to win contracts, according to an Ernst&Young survey conducted
with C-level executives in 36 countries, The Hurriyet Daily News
reports.

Some 39 percent of Turkish respondents to the survey think resorting
to bribery is necessary to win the tenders in their sector, while 55
percent believe corruption is "widespread" across all businesses.

The gap between the two figures reveals the respondents' tendency
to think bribery is more common in the overall economy than in their
own sectors.

"Despite companies knowing the corruption risks in the business world,
they don't acknowledge the risks in their own sectors," Ernst&Young
Turkey Audit Services Department Head Dilek Cilingir Kostem said
in a statement. "In order to be able to move against corruption,
executives should admit the risks to be able to manage them."

Concerning "overall" corruption perception, Turkey ranks lower than
11 European countries in the list.

Slovenian bosses have the least faith in the transparency of business
in their country, with 96 percent of them telling Ernst&Young surveyors
that bribery and corruption commonly took place there.

As usual, northern European countries have the lowest percentages of
respondents who think bribery is widespread in their country.

The survey also exposes perceptions over how companies report their
true financial performances, by asking: "How often do companies
report their financial performance to be better than it is?" The
Turkish respondents who said "yes" to the question are reported at
45 percent in the survey results, higher than the 38 percent average.

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