OREANDA-NEWS. July 02, 2013. Representatives of the Moldovan banking community, Community of Independent States (CIS), Central and Eastern Europe as well as Moldovan businessmen participated in the “Economic growth and financial stability” international economic symposium, in Chisinau.

The meeting was organised by the Moldovan League of Bankers in partnership with the Chamber of Commerce and Industry, Academy of Economics Studies and the Coordinating Council of banking associations from CIS countries and Central and Eastern Europe.

At the beginning of the event, the chairman of the Moldovan League of Bankers, Dumitru Ursu, said the symposium was dedicated to a subject, which was actively approached on the international arena, being an up-to-date topic for Moldova as well. Ursu added that one country’s development strategy was first of all meant to implement the economic and social indicators. In this context, the financial-banking sector is facing a dilemma, as it must observe a string of caution requirements and diminish risks as well as continue to credit the national economy.

The chairman of the Chamber of Commerce and Industry, Gheorghe Cucu, praised the international community’s interest as well as the participation of businessmen in the event. “The enhancement of the national economy should be a priority, therefore, we count on the openness and participation of all the actors involved in the process, so that we could obtain concrete results,” Cucu said.

Attending the meeting was also the chairman of the parliamentary commission for economy, budget and finances, MP Veaceslav Ionita. He voiced hope that the symposium would boost up the development of Moldovan financial products. “The experience of our foreign colleagues is useful. Moldova is a small country, whereas some banking products can be implemented only within a regional context, in cooperation with other countries. Banks and entrepreneurs as well need support in order to ensure the development of the national economy,” Ionita said.

For his part, the chairman of the International Banking Council, Alexandr Murychev, said financial stability and economic growth were the main priorities in the world banking sector. “We cannot stay indifferent, because we are also hurt by the consequences of the world economic crisis. We must collaborate, discuss problems in the sector and take action,” Murychev said.

The meeting of the International Coordinating Council of Banking Associations (CIS, Central & Eastern Europe) took place after the symposium. At the end of the debates, the participants in the symposium came with a string of proposals and recommendations, which will subsequently be submitted to Moldovan relevant bodies in the sector.