Reported about 15 hours ago
The European Union's recent 'Simplification Omnibus' aimed at reducing bureaucracy for companies has left larger businesses dissatisfied, as key reforms do not significantly alleviate their compliance burdens. RHI Magnesita, a notable Austrian manufacturer, expresses frustration at the ongoing costs of EU sustainability regulations, suggesting that while smaller firms may benefit, larger ones feel sidelined. As EU leaders discuss further reforms, concerns arise over the balance between deregulation and corporate accountability, amidst calls for addressing the excessive red tape that hampers competitiveness.
Source: YAHOO