Bureaucratic reduction in the EU: How companies can finally take a deep breath!

Bureaucratic reduction in the EU: How companies can finally take a deep breath!

The EU Commission plans to significantly reduce reporting obligations for companies. This applies, among other things, the dreaded supply chain law, sustainability reporting and EU taxonomy. Wolfgang Hattmannsdorfer from the Austrian Chamber of Commerce and Christoph Neumayer from the industrial association demanded in a joint statement that not only the bureaucratic requirements are reduced, but also sustainable measures to improve competitiveness must be developed. "We cannot afford to endanger competitiveness even further", both emphasized during a round table with the EU commissioner Valdis Dombrovskis, such as Initiative is to check regulations and to reduce unnecessary bureaucratic hurdles. Rainer Reichhold, President of the Stuttgart Region Chamber of Crafts, was concerned about the political distrust of the companies and demanded more freedom of movement for companies. He confirmed that politics failed to check existing regulations for their practicality, as the Minister of State Economics Nicole Hoffmeister-Kraut noted in the Brussels business summit. In the current climate protection requirements, she sees an existing inhibition for innovations, what The Stuttgart newspaper .

The German Chamber of Commerce and Industry has already submitted over 50 proposals to reduce bureaucracy, since some EU requirements are perceived as disadvantageous for competitiveness. A disproportionately high fine of at least five percent of the global net turnover and complicated documentation requirements are regarded as essential obstacles. The path into a better or even long -term viable economic landscape now depends on the implementation of these initiatives. The current debate will be decisive for how companies can shape their structures in the future.