Photo Credit: Gleb Garanich, Reuters   Last year’s election of Prime Minister Nikol Pashinyan and his pledge to curb corruption in the public and private spheres has brought about a shift in the Armenian business community’s attitude towards anti-corruption compliance. This new government openness has encouraged businesses to look towards transparent business practices and… Read More

Photo credit: Armenian Lawyer’s Association This blog originally appeared on the FCPA Blog, linked here. By Natalia Otel Belan and Yulia Glubokaya, respectively the regional director for Europe and Eurasia at the Center for International Private Enterprise (CIPE) and the deputy director for compliance at VimpelCom Russia. Small and medium enterprises (SMEs) in emerging markets… Read More

Photo Credit: PanARMENIAN “In Armenia there is now no corruption,” boldly declared newly elected Prime Minister Nikol Pashinyan. While this is an exaggeration, early, anecdotal evidence shows that corruption in Armenia has decreased since Pashinyan’s Velvet Revolution this spring. This means investment in Armenia may be less financially and legally risky from corruption. Western companies… Read More

Corruption is a systemic problem that plagues many transitional countries across the world, rooted in weak rule of law and lack of private property rights. Not only does corruption erode trust in public institutions, such practices also hinder economic growth and weaken democratic governance. The corruption challenge can be addressed by building responsive institutions that offer… Read More