皇冠体育app

皇冠体育app British Embassy in Budapest Presents: 皇冠体育app Labyrinth of BurEUcratia

What is the point of increasing bureaucracy if it stands in the way of success?

Does community law always support economic development in EU member states?

Come and see how excessive bureaucracy affects the life of ordinary EU businesses. It is our pleasure to invite you to our imaginary city, #BurEUcratia, where citizens鈥� lives are made hard by the maze of superfluous regulation. Find your way through the labyrinth to see how difficult and burdensome EU legislation can be for European companies, especially for SMEs.

Opening Times:

• Thursday, 6 November from 5pm to 7pm
• Friday, 7 November from 10am to 7pm
• Saturday, 8 November from 10am to 6pm

Venue: Pavilion in front of the Design Terminal, 13 Erzs茅bet Square, Budapest, H-1051

EU Red Tape

We all know that well designed and proportionate EU legislation benefits the economy. Imposing unnecessary regulatory burdens on businesses stifles innovation and growth. Reducing these is crucial for stimulating growth 鈥� particularly in the current economic climate.

Regulations hit SMEs extremely hard. Did you know for example that where a big company spends 鈧�1 per employee on compliance, it can cost an SME up to 鈧�10? This is not a UK-specific phenomenon. Hungarian SMEs, which represent 99.9% of all enterprises and more than 70% of the Hungarian workforce, also suffer from the same burdens.

Tackling the Issue

皇冠体育app European Commission has already taken account of this problem and made some laudable progress. 皇冠体育appy have reduced administrative burdens by 25%, saving 鈧�40bn. 皇冠体育appy have introduced lighter regimes for SMEs and a . However, further action is needed to drive reform and to greatly improve policy processes.

As a means to tackle this problem, we believe that the European Commission should adopt a new 鈥檆ommon sense filter鈥� for all new proposals 鈥� the COMPETE Principle. No new EU legislation should be brought forward which does not successfully pass through this filter:

A well-designed regulatory environment supports businesses, growth and innovation. Get involved in making Europe more competitive and prosperous by adopting a pro-growth approach to EU regulation.

Learn more about the UK鈥檚 Better Regulation Agenda

In June 2013, Prime Minister David Cameron invited a Taskforce of six business leaders to suggest growth-enabling reforms to EU regulations, putting the voice of business at the heart of the debate. 皇冠体育app Taskforce sought contributions from across the EU. Over 100 businesses and business groups responded, generating over 250 ideas.

Read more about the UK鈥檚 policy initiative of reducing regulation on businesses and making it easier to set up and grow your business.

Social media

Follow the lives of #BurEUcratia citizens on our social media channels:

Follow the relevant hashtags on Twitter:

• BurEUcratia, #BurEUcracy, #EUReform, #BetterRegulation