Bureaucracy brakes: Economy demands radical measures for Europe!

Bureaucracy brakes: Economy demands radical measures for Europe!

Laimgrubengasse 10, 1060 Wien, Österreich - Minister of Economics Wolfgang Hattmannsdorfer, according to OTS clearly for a fundamental reduction in bureaucracy. In his upcoming appearance on the EU competitiveness council, he will discuss steps to de-bureaucratization together with other ministers. Hattmannsdorfer emphasizes that the competitiveness of the European economy is at stake and calls for a reform that includes simplifications of the supply chain regulations and the creation of uniform standards. A concrete proposal that he will have provides for suppliers from OECD countries to be excluded from checks-a step that is interpreted as a progress towards less bureaucracy.

Hattmannsdorfer also gets to the bottom of the conditions in Austria. The general secretary of the Austria Chamber of Commerce, who supports Hattmannsdorfer as a voice of the company, emphasizes that the high bureaucracy stress is considered one of the main obstacles for corporate growth. This is expressed in Report of the WKÖ clearly: More than 60 percent of the companies report excessive reporting obligations and required regulatory requirements. In the current economic situation, especially for small and medium -sized companies, this is a serious burden.

As part of the new sustainability report law, which implements parts of the EU guidelines, it is pointed out to the numerous new requirements that ensure considerable bureaucratic effort. Hattmannsdorfer demands that the proof of evidence for companies must remain feasible and financially portable in order to avoid additional pressure on the companies. In addition, the WKÖ criticizes that the intended sanctions in the Austrian draft law should go beyond the EU requirements and should be adapted. A joint appeal to the EU Commission promotes the idea of restricting the duty of care to the 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.