Abstract
Abstracts: The article analyses the regulatory and legal framework for busi-ness regulation and the counteraction of corruption in certain countries (Fin-land and Singapore) that have low corruption levels according to the world-wide corrupt practices rating . We reveal a relationship between corruption level and the conditions for entrepreneurial business . Recommendations are given on how to reduce the level of corruption and to improve the economic climate in the Russian Federation .Keywords: corruption, entrepreneurial business, legislation of foreign coun-tries, Finland, Singapore, Russia T he author selected as subjects for research the two countries that, for the last five years, have been ranked highest by Transparency International, the non-governmental interna-tional agency . This agency was organized to fight corruption and to research corruption levels in states all over the world . Their rank-ings are based on the framework of the corruption perception index (CPI) and reflect a state's annual score for how its corruption is per-ceived by analysts and entrepreneurs .
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