Cyprus

Cyprus is one of the Eurobarometer countries where citizens complain a lot about corruption. Cyprus is not covered by the IPI due to its absence in the fiscal transparency survey, but its record on financial transparency are well known. In 2017, the State Department designated the EU Member State as one of the top money laundering destinations for illicit funds from Russia and other former post-Soviet republics, despite Cyprus paying heavily the state of its banks during the euro crisis. Transparency, administrative burden and judicial independence are all mediocre and have not improved over the past years. A lively media and demand of good governance from e-citizens are the country’s main strengths.