The employers suggest rescheduling the loans provided to economic entities in foreign currency by offering possibilities of repaying them at the exchange rate of the Moldovan leu used when the loans were taken out. This is one of the suggestions formulated at a roundtable meeting staged by the employers in a move to stabilize the situation on the internal currency market, IPN reports.

Chairman of the National Employers Confederation of Moldova Leonid Cerescu said the discussed proposals will be submitted to the executive in the nearest future so as to improve the conditions of the economic entities that are in difficulty because the depreciation of the leu.

Tudor Rusu, who runs a transport business, said all the vehicles owned by the company were purchased in lei and the charges for the services they provided are collected also in lei. The costs are enormous, while the losses amount to thousands of lei. Many businessmen stop work because of the unstable economic situation.

Businessman working in the area of real estate Alexandru Covalenco said all the raw material for building apartments is purchased from abroad. The appreciation of the foreign currencies generated higher cost prices. As a result, the selling price of apartments rose from €450-460 per square meter to €550-560 and there are not many buyers for such a price.

Attending the roundtable meeting, first vice governor of the National Bank of Moldova Marin Molosag said the central bank suggests two solutions, including modifying the procedure for evaluating assets so that the banks could have a higher lending margin. Another solution is to increase the ceiling for loans without pledge for private individuals from 30,000 to 100,000 lei and for legal entities from 100,000 to 500,000 lei. This will allow the potential debtors to take out loans without pledge and the banks not to create risk funds for these loans. This will also have a positive impact on the interest rates.