Bulgarian Cabinet approves latest batch of red-tape cutting measures

Written by on February 12, 2014 in Business - No comments

Bulgaria’s Cabinet approved on February 12 the third package of measures meant to “reduce the regulatory burden” on the local businesses, the government’s media service said.

In total, the package included 26 measures and government ministers were tasked with drafting, by end-March, all the necessary bills to amend existing laws and regulations to implement those measures, the statement said.

The bulk of the measures in the latest package have been put forth by the investment planning ministry, which are meant to “improve the investment and construction process,” the government statement said.

The Cabinet did not offer an estimate of the impact that the measures will have, unlike last week, when it announced a reduction in the size of the fees charged to register new businesses.

The previous two packages of measures meant to reduce the administrative burden on Bulgarian businesses included a total of 139 measures, but a media report earlier this week claimed that most such measures remained “solely on paper” and were yet to be implemented.

(Bulgaria’s Council of Ministers building. Photo: Clive Leviev-Sawyer)

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