Business

Before the year 1975, Lebanon had a 24-hour power supply, and it used to sell electricity to Syria. In 1991 and 1992, electricity was available 18 hours/day, although Lebanon had just been out of war. Despite the increase in public spending on the sector since 2006, the latter did not improve. It rather degraded, and power supply rates fell in different regions, with a rationing of more than 12 and 14 hours a day in some of them. Power outage increased, even in Beirut administrative area. With this growing outage, the owners of private generators started to make profit by setting high fees, sometimes reaching L.L. 200 thousand for every five amperes per month. No step has been made since 1996 as to improve the electricity reality. Two ships from the Turkish company "Karadeniz" have been rented, and they currently provide 30% of the power supply, despite the many promises lavished on the Lebanese people to provide energy 24/24 by the year 2015. No new power plant is est...

Lebanon Corruption Rank Lebanon is the 143 least corrupt nation out of 175 countries, according to the 2017 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Lebanon averaged 113.73 from 2003 until 2017, reaching an all time high of 143 in 2017 and a record low of 63 in 2006.