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Article: Moldovan president vows support for local banking system
- Article from:
- Xinhua News Agency
- Article date:
- July 24, 2009
CopyrightCopyright 2009 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Moldovan president vows support for local banking system
BUCHAREST, July 24 (Xinhua) -- Moldova's central authorities will
continue to take measures to support the development of the banking
system and to take measures that protect the local banks against the
foreign competition till a certain time, President Vladimir Voronin
stressed on Friday.
Voronin made the statements at the inauguration of the Central
Office of Banca de Economii (Savings Bank) after reconstruction.
The head of state said that the central authorities, taking
advantage of the state's shares in Banca de Economii, in a few days,
managed to settle a problem which threatened to provoke the so-
called "domino effect" in ...