Denmark inspires EU to reduce burdens for businesses
21 May 2015
The EU proposes to copy Danish model for easing administrative burdens for businesses. The objective is to reduce the cost of doing business across the EU.
Inspired by Denmark, the EU Commission has proposed to set up a stakeholder platform for European companies to report complicated rules.
In Denmark, the creation of the Business Forum for Simpler Rules, established by the Danish government, has significantly reduced the complexity of the Danish regulatory jungle.
“Denmark is Europe’s easiest country for doing business, according to the World Bank in 2012-2015. One of the reasons for this top ranking is Denmark’s continuous focus on eliminating red tape and administrative burdens for businesses”, says Claus Lønborg, CEO, Copenhagen Capacity.
Huge potential to reduce the cost of doing business
Businesses in Denmark spend DKK 29.3bn annually on handling administrative burdens in order to comply with the government regulation. 51% of the administrative burdens derive from EU regulation. Introducing a model similar to the Danish one will reduce the cost of doing business across the EU, according to the Confederation of Danish Industry (DI).
With the proposal, the EU Commission wants politicians and officials to take into account the impact on businesses throughout the decision-making process in the EU. Among other things, the EU Commission proposes to introduce systematic impact assessments of major amendments proposed by the Council of Ministers and the European Parliament.
Source: the Confederation of Danish Industry (in Danish)