New paper includes 68 proposals to be implemented in 2025
BusinessEurope has issued an urgent call to comprehensively reduce the growing regulatory burden on companies operating in the EU.
BusinessEurope Director General Markus J. Beyrer said:
“With over 60% of companies citing regulation as a barrier to investment, businesses operating in Europe urgently need a bold signal that the EU is serious about cutting unnecessary red tape.
BusinessEurope welcomes the EU institutions’ renewed focus on competitiveness and the reduction of regulatory burdens. In particular, we support the "Omnibus" approach to streamlining EU legislation on reporting requirements which is due to be presented in February. We are optimistic that this will pave the way for a series of similar, impactful measures.
However, the regulatory challenges facing EU businesses extend far beyond reporting obligations. This is why we are calling for an overall EU regulatory burden reduction target, with a dedicated programme to achieve it within clear deadlines.
In particular, we outline 68 concrete actions that should be taken this year to reduce administrative burdens, excessive compliance costs and cross-border regulatory barriers in the Single Market.”
To read BusinessEurope’s proposals in full, click here.
