subject: Foreign Bribery is Major Problem for Finland Tenders [print this page] Foreign Bribery is Major Problem for Finland Tenders
Finland is one of the highly industrialized countries having a mixed economy. However, the Per capita output of the economy is equivalent to major economies of Europe. Service sector constitutes the major part of Finland tenders while the manufacturing and refining sector follows covering 2/3rd and 1/3rd of the industry respectively. One can get information on official websites of government departments as well as informative websites on the internet, print and electronic media about current Finland tenders. Greatest problem in the Finland tender industry is the existence of foreign bribes that has now been made a criminal offence under the law of the land.
Finland Tender Features
Service sector constitutes over 65.7% of the entire economy in Finland which is followed by manufacturing and refining sector at 31.4%. Primary production in the country is only 2.9% of the entire economy. Foreign trade is based on electronics, machineries, vehicles, engineered metal items, forest, and chemicals.
Sources of Information
While the official websites are great for information on the government tenders in Finland, local media is the site for small and medium Finland tenders. When it comes to national and global tenders, internet is the best place to look for where there are multiple qualitative websites offering information on the tenders currently live and floating in the market. Advantage of the online websites is that they offer information on both government as well as private tenders.
Finland Tender Problems
Major problem in the field of Finland tenders is the foreign bribes that have been plaguing the tendering process for quite long now. However, the authorities have been taking some positive steps to fight foreign bribery. Companies promoting such bribery are now made criminally liable under the law of the land. Generating awareness among the companies and their agents is a challenging task but Finland authorities are trying their best following the guidelines issued by OECD. Authorities are also contemplating amendment to the criminal codes currently in force in the country and they are now thinking of bringing up foreign public officials, legislators, and corporate bodies under the ambits of the laws making them liable for auditing and accounting offences.
Positive Steps Taken By Authorities
Some of the positive steps taken by the authorities to free Finland tenders of foreign bribery are
Promising enforcement efforts;
Investigation already commenced in six bribery cases;
Proactive approach towards obtaining cooperation of relevant foreign authorities for recovery of assets;
Bilateral anti corruption work with countries like Russia and China.
Absence of Whistleblower Protection
Major obstacle on the way of preventing foreign bribery in Finland tenders is the absence of whistleblower protection system in the country. Employees in either the public or private sectors are not protected against discriminations or disciplinary actions by their authorities for reporting suspicious events that could lead to detection of foreign bribery in tenders.
