The strategy announced by the Government to boost growth is based on the simplification of taxation and compliance for businesses, the strengthening of infrastructure and research, measures to improve the functioning of the labour market, the development of under-utilized areas and the modernization of the public administration. It is to be sustained by a plan of liberalizations, simplifications and privatizations.
Although changes in tax law and in the rules on group transparency played a part, this reduction in complexity was mainly due to market pressure. It is above all the application of the rules on intra-group transactions and the protection of minority shareholders that still needs to be strengthened.