SME regulatory burden to fall by one-third

The EU is to abolish one old law for every new one. In addition, the regulatory burden on Small and Medium-sized Enterprises (SMEs) is to be reduced by at least 30 percent in order to reduce cost pressure and make companies more competitive. In the future, the principle of „right of way for SMEs“ should apply in consultations on new legislative projects. These are the demands of the resolution on the „State of the SME Union“, which the European Parliament is voting on today.