Bureaucratic brakes: Business demands radical measures for Europe!

Bureaucratic brakes: Business demands radical measures for Europe!

Economics Minister Wolfgang Hattmannsdorfer spoke loudly OTS clearly in favor of a fundamental reduction in bureaucracy in Europe. During his upcoming appearance at the EU Competitiveness Council, he will discuss steps to reduce bureaucracy together with other ministers. Hattmannsdorfer emphasizes that the competitiveness of the European economy is at stake and calls for a reform that includes, among other things, simplification of supply chain regulations and the creation of uniform standards. A specific proposal he will bring with him would be to exempt suppliers from OECD countries from inspections - a step that will be interpreted as progress towards less bureaucracy.

Hattmannsdorfer also gets to the bottom of the conditions in Austria. The Secretary General of the Austrian Economic Chamber, who supports Hattmannsdorfer as the voice of companies, emphasizes that the high level of bureaucracy is seen as one of the main obstacles to company growth. This comes in WKÖ report clearly expressed: More than 60 percent of companies report excessive reporting requirements and required regulatory requirements. This is a serious burden, especially for small and medium-sized companies in the current economic situation.

As part of the new Sustainability Reporting Act, which implements parts of the EU directives, reference is made to the numerous new requirements that result in considerable bureaucratic effort. Hattmannsdorfer demands that the proof requirements for companies must remain feasible and financially viable in order to avoid additional pressure on companies. The WKÖ also criticizes the fact that the sanctions planned in the Austrian draft law go beyond the EU requirements and should be adjusted. A joint appeal to the EU Commission promotes the idea of ​​limiting due diligence obligations to direct suppliers. Hattmannsdorfer makes it clear: “We need practical solutions for our companies and reject disproportionate requirements.” The call for less bureaucracy could therefore be crucial for the future of the European economy.