ASSESSMENT OF THE ADMINISTRATIVE BURDENS FOR BUSINESSES IN BULGARIA ACCORDING TO THE NATIONAL LEGISLATION RELATED TO THE EUROPEAN UNION INTERNAL MARKET
ASSESSMENT OF THE ADMINISTRATIVE BURDENS FOR BUSINESSES IN BULGARIA ACCORDING TO THE NATIONAL LEGISLATION RELATED TO THE EUROPEAN UNION INTERNAL MARKET
Author(s): Atanas Atanassov, Silvia Trifonova, Jasmina Saraivanova, Anton PramatarovSubject(s): Business Economy / Management, Government/Political systems, Law on Economics, Financial Markets, Accounting - Business Administration, EU-Legislation
Published by: Ekonomski fakultet Sveučilišta u Splitu
Keywords: Administrative costs; Administrative burdens for businesses; Standard Cost Model; Information obligations for businesses; Bulgarian laws related to the EU internal market;
Summary/Abstract: The key objective of the paper is to identify and assess the administrative burdens for businesses in Bulgaria according to the selected national laws related to the EU Internal Market. The study relies on objective data and analytical frameworks with a view to identify and assess the information obligations stemming from selected laws and regulations, including national rules implementing or transposing European legislation. This is an important step in strengthening Bulgaria’s national policy on better regulation for businesses. Information obligations are those arising from regulation to provide information and data to the public sector or third parties. Administrative burdens represent the “extra” administrative costs linked to collecting and providing information that businesses would not normally have to do in the absence of a legal obligation. While regulation is important and necessary, these additional costs represent a burden for businesses. It is a burden for business both in terms of money and time, which diverts resources from productive investments and generally discourages entrepreneurship. The methodology used in the paper is based on the Standard Cost Model for Estimating Administrative Costs established for assessing administrative costs imposed by the EU legislation. The paper is developed taking into account the findings of the OECD and the European Commission. The study outlines the results of the administrative costs and administrative burdens for businesses in Bulgaria of totally measured 742 information obligations (IOs) in 16 national laws and regulations to them in 9 selected priority areas during 2013. Even though the study is limited to specific legal acts and to an assessment of costs to business, the results are helpful in understanding the mechanisms by which the administrative costs and administrative burdens accrue.
Journal: Management - Journal of Contemporary Management Issues
- Issue Year: 22/2017
- Issue No: Spec
- Page Range: 21-49
- Page Count: 29
- Language: English