Headlines: Meeting with EVP Teresa Ribera; 68 proposals to reduce regulatory burden

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Headlines

24 January 2025

Meeting with EVP Teresa Ribera: How to make Europe’s economy stronger

BusinessEurope President Fredrik Persson and Director General Markus J. Beyrer met yesterday with Teresa Ribera, Executive Vice-President of the European Commission for Clean, Just, and Competitive Transition, to discuss key priorities for the EU’s economic recovery.

Among the important topics discussed were the upcoming Clean Industrial Deal and its crucial role in reducing the energy cost gap towards our major competitors, speeding up permitting procedures and removing regulatory burden weighing on European companies. Persson and Beyrer emphasised that over 60% of companies cite over-regulation as a significant barrier to investment. Companies operating in Europe urgently need a bold signal that the EU is serious about cutting unnecessary red tape.

While BusinessEurope welcomes President von der Leyen’s initiative to reduce reporting requirements by at least 25% (and 35% for SMEs) via an omnibus proposal, Persson and Beyrer stressed that the bureaucratic hurdles companies are facing extend far beyond mere reporting obligations. During the meeting, they shared BusinessEurope’s newly published paper containing 68 concrete actions to comprehensively reduce the regulatory burden and compliance costs for enterprises in 2025.

Read our new paper on reducing regulatory burden

Reboot Europe: Europe’s Economic Success – Everyone’s Business launch event: Insights on competitiveness

How can we restore EU competitiveness and get the European economy back on track?
Hear from our leadership and MEP Siegfried Mureșan, who hosted the launch of "Reboot Europe’ priorities at the European Parliament on 15 January 2025. See pictures of the event here.

Did you know?

Quote of the week

"Finalising this agreement would play a crucial role in consolidating EU trade and investment in the region".

BusinessEurope quoted in POLITICO Pro “Morning Sustainability” newsletter of 21 January 2025 on the resumption of the EU-Malaysia free-trade agreement talks.