Copyright ghanabusinessnews
The German government on Wednesday signed off on a slew of measures aimed at reducing bureaucracy. The German Cabinet approved eight different proposals submitted by different ministries, according to the Ministry for Digitalization and State Modernization, which was specifically created by the new government earlier this year to tackle the massive amount of red tape that experts are saying is stifling businesses. Berlin hopes that the measures will help to save at least €100 million ($114.8 million) in costs. They include a simplification of the business code, the abolition of reporting requirements for a number of sectors, and the digitization of property purchase agreements. Ministers also agreed to some 50 key points for further legislative proposals set to be implemented in the coming months, according to the ministry. Digital Minister Karsten Wildberger described the plans as surpassing anything that Germany has “seen in many years”. The conservative-led government of Chancellor Friedrich Merz, which took office in May, has vowed to cut red-tape related costs for industry by 25%, or some €16 billion, as it seeks to revive the struggling economy that has failed to see growth for two consecutive years. Source: dpa
