Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-11-18-Speech-2-401"
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"en.20081118.31.2-401"2
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"Mr President, the European Parliament has long been raising the issue of unnecessary and disproportionately high administration costs imposed on European enterprises. These costs not only make doing business more difficult, but represent a barrier to meeting the challenges of today’s highly competitive world economy.
It is therefore pleasing that the Commission has finally turned its attention to this issue, proposing to apply the fast-track procedure to the amendment of the 1st and 11th Company Law Directives, which will contribute to a faster improvement of European enterprises’ business environment. In the case of the 1st Directive, the elimination from national law of all additional disclosure requirements which increase enterprise costs seems very appropriate indeed. The proposed electronic platform with full information about companies will provide an economical and easily accessible solution, as will the single payment covering all costs, whether administrative or associated with disclosure requirements.
The proposal relating to the 11th Company Law Directive concerns the translation and certification of documents to be entered into the commercial register of a branch of a company established in a different Member State. The mutual recognition of translations proposed by the Commission as a way of reducing the administrative burden will undoubtedly contribute to reducing the costs borne by companies, while ensuring the reliability of the translations. Finally, may I congratulate the rapporteur, Mrs Kauppi, on the excellent report."@en1
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