EU Unveils Major Simplification Plan to Boost Competitiveness

The European Commission aims to cut administrative burdens for businesses by up to 35% and streamline regulations across key sectors.

The European Commission introduced a 'competitiveness compass' focusing on reducing bureaucracy and enhancing industrial performance.
Key measures include a 25% reduction in administrative obligations for businesses and 35% for small and medium-sized enterprises (SMEs).
A new '28th regime' will offer businesses the option of a unified legal framework across the EU, simplifying operations for startups and scale-ups.
France has called for clearer criteria for defining intermediate-sized businesses and reforms to reduce regulatory burdens on farmers.
Environmental groups have raised concerns that these reforms could weaken existing EU environmental protections, while business leaders have praised the move.