The plan

The plan is a part of the EU’s Growth&Jobs Strategy and among other calls for policies to make starting and running a business easier and more appealing. These latter include limiting the time needed to start a new company to no more than a week. Obtaining licenses and permits should not take more than a month. The EU already committed to reducing the administrative burden for small firms by 25% by 2012. Proposed plan is intended to stimulate interest in entrepreneurship too, especially among young people.