Italy To Trim Environmental Regulations
Italy will this week pass a decree to drastically cut the bureaucratic steps required by companies to assess their environmental impact, saving businesses some 1.2 billion euros ($1.55 billion) a year.
According to a government statement, the Ministry for Public Administration will present the decree at a cabinet meeting on Friday. It will enable thousands of small and medium-sized companies to benefit from a simplified assessment of the environmental impact of their business.
The decree is part of government attempts to ease Italy's tortuous and costly permitting process for companies, among the factors that have paralyzed growth in the recession-hit country.
Source: Reuters. Read full article. (link)
Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time.