OREANDA-NEWS. On June 18, 2009 The First Vice-Premier Igor Dodon said at the press conference that the implementation of the first plan consisting of six points wouldn’t demand Parliament’s and foreign donors’ support and had already practically started. Igor Dodon said they were the negotiations with the National Bank over crediting of local companies working in different fields and increasing the period of repayment of credits.

Thus, the National Bank is planned to provide commercial banks with US600-650 million at 10 per cent p.a. These funds will be provided through the lines of crediting to Moldovan companies. Second of all, the Government intends to stop all check-ups not provided for by the plans by state authorities at local enterprises and companies.

Third of all, the Cabinet intends to liberalize export for most categories of ready-made goods available at storehouses. The fourth most important measure for the short-term period is blockage of the non-priority expenditure and preservation or increase of expenses for implementation of infrastructure projects.

The executive power also intends to allocate credits for youth ready to start their own business at the expense of foreign grants. The last measure marked in the first plan is fulfillment of the state’s commitments regarding the VAT repayment without delays. The second plan also made up by six points stipulates amendments to the 2009 budget encouraging measures for forming the 2010-budget and alteration of the tax policy.

Secondly, the Government finds it necessary to finance completion of 50-75 per cent ready building objects. Inventory and assessment of the uncompleted construction objects of Moldova will be carried out for this purpose. The Government plans to provide state guarantees for building companies to receive foreign credits in order to ensure mortgage crediting for 30-40 years. The third point is attraction of foreign investments, in particular, it was said the talks with China, Russia, IMF were being held.

The Minister of Finance Marianna Durlesteanu said signing of the funding program with the IMF will serve as a signal for other donors of the European Commission and the World Bank for providing financing. Provision of credits and state guarantees for exporters is the fourth measure. At the same time, the Government intends to attract strategic investors for implementing projects in energy. Igor Dodon said 25-30 bills to be submitted to the new Governments and submitted for approval to the new Parliament had already been developed for the implementation of the second plan.