Business Corruption in Greece
Corruption severely affects Greece's business environment, completely distorting market competitiveness. A common form of corruption in Greece is known as '
fakelaki
', translating to small envelopes and signifying bribes passed on to officials or other recipients to obtain some form of benefit.
Greece’s
Penal Code
criminalises several forms of
bribery
, including
passive
and
active bribery
,
abuse of office
and
money laundering
, yet ineffective implementation of existing laws has exacerbated corruption in both the higher and lower echelons of government. The tax administration and public procurement are identified as the sectors most affected by corruption.
Gifts
, bribery
and
facilitation payments
are widespread despite existing provisions that criminalise these acts.
December 2015
GAN Integrity Solutions
