Business Corruption in Malta
Corruption does not represent a challenge for businesses operating in Malta. This is attributed to the country’s transparent administration and economy, low levels of official impunity, and small room for arbitrary spending of public funds. Inefficient government bureaucracy and the country's shadow economy, which constitutes nearly a quarter of the entire economy, are the largest obstacles to business. Connections between the local elite and political figures also threaten fair competition. The Maltese
Criminal Code
criminalises
active
and
passive bribery
,
abuse of office
,
extortion
and
embezzlement
, among other corruption-related offences, and the law is effectively enforced. Businesses report
bribery
is rare in Malta, and the legal framework criminalises
facilitation payments
and giving and receiving
gifts
.
December 2015
GAN Integrity Solutions
