18 Apr 2011

World Bank Releases Report on Crime and Security in Eastern Europe and Central Asia

The World Bank Group recently made a 2010 report by Mohammad Amin public that surveys Eastern European and Central Asian business on the costs of security and crime. Corruption, on average, is estimated to cost about 0.1% of yearly revenue for those businesses surveyed in the report.

One of the more interesting findings in the report was that higher-income countries do not have more crime-related problems when compared to lower-income countries. However, even though larger firms are more prone to being the victims of crime, smaller firms lose proportionately more revenue from crime than larger firms as a percentage of income from sales.

For a link to the PDF version of the report, please click here.

The map of Eastern Europe and Central Asia comes from the website of the International Association of Microfinance Investors.