The Bureaucracy Index was launched in 2016 by the Institute of Economic and Social Studies (INESS) and its goal is to provide a detailed list and quantification of bureaucratic burdens faced by small and medium-sized enterprises (SMEs). Piloted in Slovakia in 2016, the project aims to promote international comparisons of bureaucratic costs, especially for SMEs. To raise awareness, International Bureaucracy Day was established on September 29, commemorating wasted resources and talent caused by excessive bureaucracy worldwide.
The Bureaucracy Index serves as a valuable tool for sparking discussions about excessive red tape and its impact on competitiveness. By identifying areas for improvement, it encourages practical solutions to reduce administrative burdens on businesses.