Challenges of Regulatory Agencies Consolidation while Reducing Administrative Burdens for Business: Case of Lithuania

Abstract

Purpose of the article: The purpose of this article is to summarize the approaches used and to research the challenges for regulatory agencies consolidation in order to reduce administrative burdens for business. This article analyses the activity of Lithuanian and EU regulatory agencies which are supervising business with regard to identify potential and arising challenges of optimising the performance of regulatory agencies. Methods: review of academic and legal literature, comparison, synthesis, statistical data analysis. Scientific aim: The aim of this article is to analyse the activities of regulatory agencies of Lithuania and European Commission and evaluate the actions in order to reduce administrative burdens as well as to identify the consolidation problem areas of regulatory agencies. Findings: The results of the analysis shows, that a unified list of regulatory agencies is not in use and the research and other reform action taken by supervising authorities is being done using different sets of regulatory agencies, what leads to increasing of administrative burdens and ineffective regulatory agencies consolidation. Conclusion: The results of research shows that it is necessary to compile a clear, united and unified list of regulatory agencies. Also it is important to carry on consolidation of controlling institutions and merging regulatory agencies to achieve a clear responsibility for the controlled areas and new ways to implement information technologies should be provided.