Banking and financial markets discussed with representatives of leading banks in the Republic of Moldova. President of the Republic of Moldova Vladimir Voronin met today with representatives of the banking community. It considered various issues relating to the situation in the banking and financial market of the Republic of Moldova. The meeting was attended by Prime Minister Zinaida Grechannaya; First Vice-Premier, Minister of Economy and Trade Igor Dodon, president of the National Bank of Moldova, Leonid Talmaci; Adviser to the President for Financial Affairs, Sergio Pushkutse. Igor Dodon presented an overview of the macroeconomic situation in the Republic of Moldova, noting some positive developments for the first time since early April this year, appeared in this area. First Vice Prime Minister expressed hope that political developments in our country would not be at these trends, which will create good preconditions for reducing the negative effects of world recession. Igor Dodon confirmed by the Government of the Republic of Moldova, which will in the future without delay to implement a mandatory social payments from the state budget: wages, pensions, allowances, etc.
The President of the National Bank of Moldova (NBM) Leonid Talmaci described the situation in the banking and financial market of the Republic of Moldova in general and in particular on the currency stable and calm, stressing that the activities of commercial banks persist encouraging indicators. In this regard, the President of NBM noted that currently, the banking sector has sufficient liquidity and has the necessary reserves to adjust policy interest rates on deposits and loans with a view to harmonizing them with the trend rate of inflation and with the needs of the national economy. At the same time, it was stated that in April the state foreign exchange reserves are growing, increasing at 123 million dollars.
Present at the meeting, President CB AO «Banca Sociala" Vladimir vain, welcomed the partnership, which is established between the banking sector and public management, as well as measures implemented by the National Bank of Moldova in the context of international financial and economic crisis. Vladimir vain pointed out that prudent and well-balanced policy of the NBM based on the Basel standards, has overcome many crises and difficult situations - a regional financial crisis of 1998, the crisis of "wine embargo of 2006, etc. The President of" Banca Sociala "reaffirmed that the NBM, the presence of commercial banks countries sufficient liquidity, and other favorable indicators inspire confidence that the current difficult period and will be able to successfully overcome. Vladimir vain welcomed the proposal by the Head of State Vladimir Voronin decided to resume exports of wine in bulk, given that the loan portfolios of commercial banks' share of the wine business is the significant place.
Vladimir Voronin pointed out how important it is to retain an effective dialogue established between the commercial banks and the Central country. He also noted that it is necessary to comply with the guidelines of the National Bank for the benefit of the banking and financial system, national economy and population. Only by joint efforts, with each discipline, we will be able to stand in front of the challenges associated with the financial situation in the world, and to maintain the stability of the system, has summed up the head of state.
Also, the president raised the issue of compliance deadlines to return the value-added tax, and demanded that those responsible to intensify their efforts to avoid unnecessary cases of VAT refund, which causes significant damage to the state budget.
In conclusion, the President thanked the bankers for the constructive and very useful discussion and stressed that all the proposals of representatives of the banking sector will be considered by the Government as a priority.
The Head of State wished to present at the meeting every success in the Interbank Conference of CIS, which will take place in the 42 th meeting of the Economic Council of the Commonwealth of Independent States in the capital of our country.