Small and medium enterprises (SMEs) in emerging markets in Eurasia must demonstrate the ability to assess and mitigate corruption risks in order to do business with multinational firms. The vast majority of SMEs in the region are unable to do so.… Continue Reading
Posts Tagged: Armenia
Armenia doesn’t top many investors’ lists. The former Soviet republic is in an ongoing military conflict with neighboring Azerbaijan, has two closed trade borders with Turkey and Azerbaijan (borders with Iran and Georgia are open), and pervasive corruption prevents Armenia’s three million citizens from prospering.… Continue Reading
Armenia’s human rights ombudsman said bribery in the country’s courts is so common that judges use an unofficial price list for kickbacks.
Karen Andreasyan, left, an Armenian lawyer who headed the ombudsman team, said bribes can range from $500 to $50,000.… Continue Reading