According to the inaugural ECA Corruption Survey of business executives, in-house legal counsel, and other professionals operating in the Europe-Caucasus-Asia (ECA) region, 71 percent of respondents said that their country’s anti-corruption laws are ineffective and 62 percent said corruption is a significant obstacle to doing business.… Continue Reading
Since Belarus’s independence from the Soviet Union in 1991, it has maintained strong economic and cultural ties with Russia and has been dependent on Russia’s economic support.
Recent conclusions by international finance institutions, such as the World Bank and the European Bank for Reconstruction and Development (EBRD), however, suggest that the Belarusian government is demonstrating an eagerness to revive its relationship with the West and an intention to open its market to foreign businesses.
This effort to pivot away from its Eastern neighbor is primarily due to recent geopolitical developments in the region, including the conflict between Russia and Ukraine that started in 2014, and has led to a broader political crisis with Russia on the one side and the United States and European nations on the other, with the Western sanctions against Russia having a trickle-down effect on Belarus’s economy.… Continue Reading
Because of frequent negative press coverage of Belarus, I always try to highlight positive developments with respect to my homeland.… Continue Reading
In an SEC filing this week, Spanish pharmaceutical firm Grifols SA said the DOJ issued an ‘official declination to all inquiries related to the possible violation of the Foreign Corrupt Practices Act (FCPA) that were underway since July 2009.’
It said the investigation related to Talecris, acquired by Grifols in 2011.… Continue Reading