The Center for Economic Development, (CED in English or Centrum pre hospodársky rozvoj - CPHR in Slovak), is a non-profit, non-governmental organization specializing in economic research. Founded in 1993, CED focuses on supporting freedom in business and democracy which are the necessary conditions for the successful development of the Slovak economy. In addition to researching economic issues, CED organizes seminars and publishes articles in the daily press, economic newspapers, and business journals to advance its objectives. CED supports a more transparent economic process and the integration of Slovakia into international economic and political organizations. The future growth of the Slovak Republic requires transparent processes in business, government, and society. CED promotes these ideas and fosters mutual understanding between Slovakia and other countries. Its researchers cooperate with renowned international economic institutions in joint research ventures and work with domestic and foreign non-profit organizations and sponsors throughout the world. In 1998 the CED created a new organizational unit, Transparency International Slovakia, the local chapter/branch of Transparency International, which is mostly known for publishing its Corruption Perception Index on an annual basis.