Banca Comerciala Romana Chisinau (BCR Chisinau) believes in the opportunity and potential of the First House project that was launched by the Chisinau City Hall and is supported by our institution, BCR Chisinau executive president Sorin Andrei told the journalists in a meeting, Info-Prim Neo reports. Sorin Andrei said a project involving a public authority that attracts general interest is a project for which one should fight, though there are certain risks. “We cannot say that the First House project in Romania was a bad one as it was followed by another two projects. 12,000 apartments have been bought within the first project. 40% of them were financed by BCR. For a project to be credible, it should be financed with credible sources and the juridical situations that can appear must be dealt with appropriately,” Sorin Andrei said. Within the social mortgage project First House, there will be built apartments for young people, budget-funded employees and families in need. By 200-300 apartments will be constructed every year. A square meter of apartment will cost €500 – 550, if the prices of the building materials remain unchanged. The local authorities have earlier announced their intention to negotiate loans repayable in up to 25 years, at an interest rate of up to10%, with banks. In another development, Sorin Andrei said BCR Chisinau contributes to the establishment of sustainable partnerships between Moldovan and Romanian companies. “We offer the Romanian economic entities that are interested in starting businesses in Moldova not only banking services, but also the possibility of creating durable partnerships and relations,” he stressed. BCR Chisinau identifies opportunities and even possible partners in Moldova. Sorin Andrei said they began to put into practice a number of their plans, specifying they have launched projects in agriculture, processing industry, construction and other fields. Sorin Andrei said the fact that he knows the business environment in Romania and its trends gives him an advantage that he tested and can say that it’s working.