“The ECB believes that the special tax rate of 80% puts pressure on the central bank,” official sources told Mediafax.
They said the ECB recommends the Romanian central bank should have its own accounting regulations, which wouldn’t need the approval of the finance ministry.
“The state, as sole owner of the central bank, argues that the potential losses incurred by the bank would have to be covered from the state budget. On the other hand, the central bank can build reserves for the same purpose,” the mentioned people said.