Romanian PM Emil Boc declared on Friday that the Government would eliminate, starting this fall, the minimum tax paid by companies and will maintain a flat tax of 16%. Plus, Economy minister Adriean Videanu said that this might happen on November 1st or October 1st. PM Boc said that for now the government did not start new talks for a new loan with the IMF.

PM Boc also promised a more simple bureaucracy for tax payers. PM Boc's declarations follow the declarations of Finance minister Sebastian Vladescu who said that he was pushing for a progressive tax system.

Economy minister Adriean Videanu pleaded for the flat tax. He announced that the Executive is currently considering sustaining young graduates with a support of 20% of the value of some investments and state guarantees to help them set up a new business.