Memo: European Commission proposals for fast track administrative burden reductions in 2008

On 10 March, 2008, the European Commission presented its list of eleven new fast track actions to reduce administrative burdens for companies, in order to enhance economic growth. They are the second package of such fast track actions and form part of the overall programme to reduce the administrative burdens for entrepreneurs, by 25 percent in 2012. These immediate measures are likely to generate significant benefits of around 1 Billion Euro through technical changes in existing rules (e.g. reporting obligations).