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Another cuts of red tape should save businesses about €70 million
Bratislava, 30.11.2018
First measures should be introduced by the end of 2019. Under the current rules, it may take up to six months to open a branch, for example a café. Moreover, the whole process is accompanied with a massive bureaucratic burden, the Hospodárske Noviny daily reported. The Economy Ministry now plans to make changes and cut the process by two-thirds due to its third package of measures to support the business environment. “We focused on simplifying the process for opening branches,” said Economy Minister Peter Žiga (Smer), as quoted by Hospodárske Noviny. Martin Vlachynský, analyst with the economic think tank INESS, praised the package, saying that while the previous two packages contained measures focused on several fields, this one has a clearer target, the daily reported. However, the political will to adopt fundamental changes to taxes and accountancy is still absent, he added. The biggest package The Economy Ministry presented 36 measures to remove unnecessary bureaucracy, which should help entrepreneurs save up to €70 million. It is the biggest package the ministry has introduced so far, according to Hospodárske Noviny.
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