Bulgaria claims huge reduction of red tape on businesses

Written by on April 27, 2016 in Business - Comments Off on Bulgaria claims huge reduction of red tape on businesses

A reduction of the administrative burden on businesses has led to cost-saving of 104.5 million leva (more than 53 million euro) a year, according to the Bulgarian government.

A report on measures implemented in accordance with an action plan to reduce the administrative burden on businesses was adopted at a regular meeting of the Cabinet on April 27 2016.

According to the report, the administrative burden on businesses had decreased by 21.7 per cent of the 30 per cent reduction envisaged in the third action plan, which covers selected legislation over the 2015 – 2017 period.

The report covered measures taken up to the end of 2015.

It said that 18 measures had been adopted by various state and government bodies, including the Finance Ministry, Customs Agency, the Ministry of Transport, Information Technology and Communications, the Ministry of Labour and Social Policy and the Employment Agency. Three measures to be carried out by the Ministry of Agriculture and Food and by the National Statistical Institute had been implemented ahead of schedule, according to the report presented to the Cabinet.

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(Photo: Marcel Hol/sxc.hu)

 

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