Businesses in Lithuania are becoming more transparent – Transparency International

  • 2019-10-16
  • BNS/TBT Staff

VILNIUS – Businesses in Lithuania are becoming more transparent, the latest survey by the anti-corruption organization Transparency International Lithuania shows.

It showed that Circle K Lietuva (100 points), Energijos Skirstymo Operatorius (100 points) and Tele2 (100 points) provided the most information to the public.

"Business in Lithuania is becoming a more transparent field, and business leaders have a better understanding regarding public accountability," Sergejus Muravjovas, CEO of Transparency International Lithuania, said in a statement. "This is the first year when we have seen a significant increase in the number of companies who received a score of 100 or nearly 100. It makes it clear that a perfect score isn’t “Mission Impossible”.

This year, the overall score of companies was 36 points out of 100; 32 points in 2017, and 22 points in 2014.

In comparison to previous years, companies published more information about their methods to curtail corruption in their respective fields. Almost half of the companies (17) published their code of conduct, and 16 published what types of gifts they could and could not receive. One out of three (13) companies had a confidential channel to report possible wrongdoings.

Companies did a little worse in revealing their financial information. In 2019, the average was 36 points, whereas the 2017 average was 37.5.

The study covered 40 major companies operating in Lithuania.

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