Bulgaria approves plan to cut red tape binding businesses

Written by on May 27, 2015 in Business - Comments Off on Bulgaria approves plan to cut red tape binding businesses

Bulgaria’s cabinet has approved the country’s third action plan to reduce the administrative burden on businesses in a move that it says could save the private sector more than 144 million leva (about 73 million euro) a year.

The plan covers cutting selected legislation and regulations by 30 per cent by 2017.

Bulgarian officials came up with the plan because of commitments the country made at European Union level to reduce unnecessary administrative burdens of existing legislation.

The plan is included as a measure in the update for 2015 of the National Reform Programme of Bulgaria, the cabinet said after its May 27 meeting.

The statement said that the draft was developed over the 2012/14 period after written consultations with business.

According to the cabinet, the 130 measures in the plan include and cover shortening of deadlines for services, simplification of procedures and reduction of required documents, filing documents electronically, exchange of information between institutions through official channels, development of instructions and samples of the documents and their publication on the internet pages of the respective institutions.

Many of the administrative burdens reduced are in relation to the law on excise duties and tax warehouses, law on agricultural producers, Road Transport Act and Statistics Act.

According to the cabinet, the greatest effect in regard to the reduction of the administrative burden will be had by steps in connection with the exchange of information between institutions and the National Revenue Agency and the Registry Agency, as well as firms’ reporting obligations regarding the Finance Ministry and Agriculture and Food Ministry.

(Photo: Marcel Hol/sxc.hu)

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