Sunflower oil likely to plunge

The sunflower oil is likely to plunge the coming 2-3 weeks. The conclusion has been reached by the Working Group monitoring macroeconomy, after analyzing the dynamics of the prices on the Moldovan food market, Info-Prim Neo has learnt from the Economy and Trade Ministry. The Working Group finds that, in the wake of a good sunflower harvest, one canm expect the prices to fall in 2-3 weeks, as the oil from the 2008 harvest will start to be sold on the market. The Working Group also finds the fuels drop 20-40 bani, as the oil tumbles on world markets, what is thought to have a positive influence on the Moldovan inflation. Deputy Governor of the National Bank Victor Cibotaru says the situation of the Moldovan banks can be characterized as stable. “The liquidities in the Moldovan banks enable us to assert that Moldovan banking system won't be hit by the world financial crisis,” he said. The Working Group monitoring macroeconomy was set up in April and is conducted by deputy premier Igor Dodon. It consists of representatives of the Finance Ministry, the C-Bank, the Statistics Bureau, the Customs Service, the Anti-Corruption Center, the Competition Protecting Agency, etc. Its task is to analyze the dynamics of the main macroeconomic indices.