OREANDA-NEWS. October 09, 2008. It was declared by the Minister of Finance Mariana Durlesteanu during the session of the club "Free economic zone".

The minister has underlined that the macroeconomic situation in Moldova is stable and there are no grounds for the collapse of the market. As she said, there are only three branches of the foreign banks in Moldova, thus the head banks have not suffered from the financial crisis. Besides, mortgage system in Moldova is undeveloped.

Mariana Durlesteanu has informed that in October the session with EBRD and other participants of the mortgage market will be held in October which will help to avoid the problems the developed countries have faced.

The minister has noted that the authorities of the country are aware of the situation in the world, and in future it is supposed to create "Risk Mitigation" Fund (Reduction of risks) for reduction of the possible financial risks and other external factors. Marina Durlesteanu expressed confidence that the government should promote macroeconomic stability in the country.

"We do not refuse market economy principles but sometimes the state intervention is required", - the minister has underlined.