Putting the brakes on bureaucracy: How Europe wants to save the economy!

Putting the brakes on bureaucracy: How Europe wants to save the economy!

In an alarming appeal to reduce bureaucratic hurdles, Dr. Rosemarie Schön, head of the WKÖ legal policy department, said at the “The Labyrinth of Bureaucracy” event on December 9, 2024 that companies need more freedom again in order to remain competitive. “What we need is a smart regulatory system and reforms that make economic activity easier and give companies breathing space again,” she said. These demands are particularly urgent because excessive regulation and cumulative bureaucracy represent an unreasonable burden for companies, especially small and medium-sized companies BMWK.de was confirmed.

The EU is focusing on reducing bureaucracy

The on-going discussions at the European level show that the new EU Commission has recognized reducing bureaucracy as the key to strengthening competitiveness. EU Commission President Ursula von der Leyen announced that she would reduce the EU's reporting obligations by 25%. “The bureaucratic backpack must finally become noticeably lighter,” emphasized MMag. Christian Mandl from the WKÖ, while calling for further measures to relieve the burden on companies. These changes are necessary to ensure that companies can survive in a changing economic environment. A report by Mario Draghi sets out proposals aimed at increasing productivity and promoting competitiveness at European level, underlining the urgency of these initiatives.

In addition, several concrete steps to simplify EU legislation and reduce bureaucratic hurdles were discussed within the Competitiveness Council. A uniform digital registration portal for companies under posting law is to be created in order to eliminate differences in national reporting systems. The creation of a central point of contact for European battery production and the promotion of industrial biotechnologies were also highlighted as important points to secure the EU's technological sovereignty. These steps could be crucial to ensure that Europe does not fall behind in the global competitive landscape.