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The European Commission (EC) wants to improve the EU's capital markets with simpler requirements for public listing of companies and harmonize corporate insolvency rules, BTA reports.

"Europe needs highly liquid and integrated capital markets," EC Vice President Valdis Dombrovskis said today at a press conference in Brussels. 

The EC wants to reduce bureaucratic hurdles to make it easier for companies to list on EU stock exchanges, predicting that fewer regulatory requirements could save on companies 100 million euros per year.

14 companies that have invested in Bulgaria will receive over BGN 9 million from the state

To increase efficiency and cross-border investment, the EC wants to harmonize certain steps in the insolvency process in the EU, including the rules for the preservation of insolvency-related assets. 

European Commission