For the first time, the EU Commission has put a concrete figure on how much it wants to reduce bureaucracy for companies: the aim is to reduce annual compliance costs by EUR 37.5 billion within five years, according to a draft communication on reducing bureaucracy, which is available to Table.Briefings. The document is to be presented at the end of February together with initial concrete proposals to reduce the burden on companies and is part of Commission President Ursula von der Leyen’s new competitiveness agenda.