Corruption and lack of transparency impose cost on the economy as well as the society of a State. Corruption undermines democracy and damages social justice and the society’s sense of law. It also undermines the prospects for economic growth at both political and economic level. For this reason, high importance is attached to tackling corruption and promoting transparency. The Government, through the re-designing of relevant policies, aims at combating corruption in both public administration and corporate governance while reducing, at the same time, the publicly perceived level of corruption in Cyprus. The current situation is being assessed, aiming at the promotion of measures for implementation, based on international practices, the goal of which will be to promote transparency and combat corruption in different fields of public administration as well as in the economy at large.
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