AIRLINK 79.41 Increased By ▲ 1.02 (1.3%)
BOP 5.33 Decreased By ▼ -0.01 (-0.19%)
CNERGY 4.38 Increased By ▲ 0.05 (1.15%)
DFML 33.19 Increased By ▲ 2.32 (7.52%)
DGKC 76.87 Decreased By ▼ -1.64 (-2.09%)
FCCL 20.53 Decreased By ▼ -0.05 (-0.24%)
FFBL 31.40 Decreased By ▼ -0.90 (-2.79%)
FFL 9.85 Decreased By ▼ -0.37 (-3.62%)
GGL 10.25 Decreased By ▼ -0.04 (-0.39%)
HBL 117.93 Decreased By ▼ -0.57 (-0.48%)
HUBC 134.10 Decreased By ▼ -1.00 (-0.74%)
HUMNL 7.00 Increased By ▲ 0.13 (1.89%)
KEL 4.67 Increased By ▲ 0.50 (11.99%)
KOSM 4.74 Increased By ▲ 0.01 (0.21%)
MLCF 37.44 Decreased By ▼ -1.23 (-3.18%)
OGDC 136.70 Increased By ▲ 1.85 (1.37%)
PAEL 23.15 Decreased By ▼ -0.25 (-1.07%)
PIAA 26.55 Decreased By ▼ -0.09 (-0.34%)
PIBTL 7.00 Decreased By ▼ -0.02 (-0.28%)
PPL 113.75 Increased By ▲ 0.30 (0.26%)
PRL 27.52 Decreased By ▼ -0.21 (-0.76%)
PTC 14.75 Increased By ▲ 0.15 (1.03%)
SEARL 57.20 Increased By ▲ 0.70 (1.24%)
SNGP 67.50 Increased By ▲ 1.20 (1.81%)
SSGC 11.09 Increased By ▲ 0.15 (1.37%)
TELE 9.23 Increased By ▲ 0.08 (0.87%)
TPLP 11.56 Decreased By ▼ -0.11 (-0.94%)
TRG 72.10 Increased By ▲ 0.67 (0.94%)
UNITY 24.82 Increased By ▲ 0.31 (1.26%)
WTL 1.40 Increased By ▲ 0.07 (5.26%)
BR100 7,526 Increased By 32.9 (0.44%)
BR30 24,650 Increased By 91.4 (0.37%)
KSE100 71,971 Decreased By -80.5 (-0.11%)
KSE30 23,749 Decreased By -58.8 (-0.25%)

imagePARIS: Several hundred business owners demonstrated in Paris on Monday to protest hefty taxes, charges and stifling regulations they say are driving their firms into the ground.

The rally was to head to the imposing finance ministry later in the day in a bid to attach padlocks symbolising frustration at decades of government policies derided as obstructive.

Called by the CGPME representing owners of small- and medium-sized businesses, the protest paralleled much bigger workers' demonstrations that more frequently occur in France and underlined a general sense of stagnation or decline in Europe's second-biggest economy.

"Taxes, levies, charges: enough is enough" read one of the banners held up in Monday's rally.

"Dear ministers: work 70 hours a week for peanuts -- I can provide training for that" read another.

Eric Brule, the head of a regional federation representing small construction firms, said his members were demanding "simplification" of government rules in the sector.

France is struggling to lift itself out of a years-long rut of feeble growth and growing unemployment, while fending off persistent EU demands to reduce its budget deficit.

The government of President Francois Hollande has promised to cut payroll taxes if businesses take on new hires, but no turnaround has been seen, and the general economic context across the eurozone is gloomy.

Last week, the latest official data showed an annualised rise of 5.5 percent in unemployment. Hollande, who is halfway through his five-year mandate, said last month he would not stand for re-election in 2017 if he did not come through on his campaign pledge to reduce joblessness.

Copyright AFP (Agence France-Presse), 2014

Comments

Comments are closed.