​We will introduce a simplified taxing system for small contributors and request the EU to lift the VAT registration limit to 50,000 euro from 35,000 euro, PM Emil Boc announced in a press conference on Monday.

PM Boc’s statements

The government successfully ended the IMF/ EC/ WB agreement The objective of the agreement was to ensure the macro stability in the context of the economic crisis. We have reached our objective If Romania would have continued in 2009 and 2010 the policies and deficits from 2008, it would have collapsed To avoid it, we needed tough but correct measures to limit spending and deficits We managed to avoid economic derails

About the new agreement The new IMF/ EC/ WB agreement is for 2 years and will be precautionary We do not access the money but if we will need it, we will have them at our disposal The objective of the new agreement is economic growth. The new agreement stands to this scope

Fiscal policies We estimate for 2011 an economic growth of 1.5 – 2% and for 2012, 3% The 4.4% deficit target for 2011 and 3% for 2012 We will implement a simplified taxing system for small contributors. We will request EU to modify the VAT registration limit from 35,000 euro to 50,000 euro The government will continue to restructure the health sector to ensure the well functioning of the system State companies will either be privatized or closed. By the end of June we will have a clear idea what will happen to each company. We do not plan to privatize CEC nor sell our majority pack at Hidroelectrica, Transgaz or Romgaz By September, we will make up a calendar to eliminate regulated prices for energy and gas. The calendar will be implemented from 2013 – 2015The aim of the future agreement is economic growth and economic consolidation of the country I thank all Romanians who understood the need of reform ​W