Bulgarian Corruption Enters American Business Threat List

Corruption in four Eastern European countries is rated as 3rd main concern for American business across borders.This conclusion was made in the Annual Report of the Overseas Security Advisory Council, published yesterday. The corruption in Bulgaria is mentioned along with that of Russia, Ukraine and Romania.

The report states that terrorism and maritime piracy are the only more significant security threats for American business.

It is the first time for Bulgaria and Romania to be included in such a list, context and company. Earlier data for these countries presented by the Council, updated in April 2008, does not include the word corruption. It is not the same case with Russia and Ukraine, where for years the information about them includes risk measurement, related to organized crime or corruption.

The Overseas Security Advisory Council is a U.S. Federal body that looks for the security of national companies with overseas operations. It receives information from the business itself and covers over 30 sectors of economy.