Recognizing the necessity of implementing anti-corruption compliance frameworks (including corruption risk management) in state-owned enterprises, the Commission began collaborating in 2022 with the EU Twinning project “Fostering integrity and preventing corruption in the public sector in Armenia” with the fourth component aimed at strengthening business ethics and implementing a corruption risk management system in state-owned enterprises.
As part of the collaboration with the project, in 2023, the Commission developed a draft methodology for assessing corruption risks, based on which pilot corruption risk assessments were conducted in one state-owned company and two public (municipal) non-commercial organizations. The results of these assessments were summarized in 2024.
The results of the assessment primarily highlighted the need for capacity development within organizations, as well as the introduction of international standards for governance and anti-corruption compliance. Additionally, the findings indicated that several identified issues require systemic solutions. Taking this into account, the Commission presented the results of the pilot assessment in a report, which also addresses existing gaps in the field and key international standards.
Report link: https://shorturl.at/K2Ha0:
