The BusinessEurope Omnibook to reduce regulatory burdens
Regulatory burden continues to weigh heavily on EU businesses. We know from surveys with our members that regulatory burden, besides cost of energy, are one of the major obstacles to long-term investment in Europe. The annual investment shortfall to close gaps in innovation, infrastructure, twin transition and resilience of our economy is between €750bn-800bn, as assessed by the Draghi report of 2024. Both the Letta and Draghi reports underline the same point: if Europe wants to stay competitive and attract investment, we need urgent action to reduce regulatory burden and bureaucracy, especially at a time when Europe’s economic strength is vital to its security.
BusinessEurope has identified and tabled almost 140 of the most pressing regulatory burdens across 10 policy areas, alongside concrete suggestions to address them.