Stoiber group: less red tape for SMEs

EU Commission President Jose Barroso announced on 19 September its intention to review bureaucratic procedures required by European standards, in order to streamline the formalities which steal time and resources especially for SMEs. The Chairman of the High Level Group on Administrative Burdens, Edmund Stoiber, applauded the accomplishments already achieved, highlighting that the 26.1% reduction of administrative burdens has resulted in a savings of 32,3 billion euro for European businesses. Moreover, what matters most is not just the result but the gradual change of mentality of the European Commission. The program “Smart Regulation”, launched in 2012, aims to simplify and reduce regulatory burdens on SME by inviting Member States to find streets bureaucratically less complex to implement Community provisions.

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