Bulgaria Makes Life Easier for Business by Slashing Bureaucracy

Business | April 21, 2010, Wednesday // 19:50
Bulgaria: Bulgaria Makes Life Easier for Business by Slashing Bureaucracy Bulgaria's Economy Minister Traikov announced 136 measures to reduce bureaucracy. Photo by BGNES

The Bulgarian government has adopted 136 measures to reduce and simplify bureaucratic procedures for communicating with the business sector.

The measures were announced Wednesday by Bulgarian Economy Minister Traicho Traikov, who explained they will be implemented gradually by 2012.

Some 80% of the measures in question provide for allowing firms to submit information to the Bulgarian state administration electronically or over the Internet instead of queuing for hours and days in front of crowded state offices.

What is more, companies will no longer be required to collect and submit to the state administration a number of certificates and documents from various institutions – the matter will have be taken care of among the respective administrative units.

“We are going to shed some requirements for submitting certain kinds of information, we will simplify the technology and the complexity of administrative decrees. The reduction of the administrative burden will be implemented in a number of laws by the end of the year,” promised Minister Traikov, who also said the full list of the measures is to be published by the Ministry.

Business » Be a reporter: Write and send your article
Tags: bureaucracy, Traicho Traikov, Economy Minister

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria