The turmoil on the world stock exchanges, generated by the bankruptcy of the US bank Lehman Brothers and by the acquisition of Merrill Lynch by the Bank of America will not significantly hit Moldova's financial market, says Valeriu Muravshi, a former premier and the ex-chairman of the Banks Association from Moldova, Info- Prim Neo reports. “Certainly, such phenomena, which happen seldom, but affect the economies of large countries, cannot pass without consequences for anyone. It depends on how severe they will turn up. We will feel these consequences less, because our financial market is not too developed,” Muravschi has said. He says it's risky to make forecasts, but specified the developments on Moldova's financial and currency market are determined, first, by the domestic economic situation, by the import-export indices, by the remittances and other factors. Another bank expert, in exchange for anonymity, also believes the forecasts are too risky to be made, since the Moldovan economy has “a specific character” and cannot be estimated by applying the generally accepted rules. He says the oil plunged 40% on the international markets. It would be natural that the gasoline prices drop in Moldova too – at least 20%. “But importers already feel “as heroes” after reducing the fuel prices several bani only.” The expert explains the collapse of the American banks by the fact they did not observe the prudence rules in disbursing loans, including mortgages. “They were investment banks, while the Moldovan banks do not offer mortgages in such amounts, so there is no danger,” he said. A number of company managers have told Info-Prim Neo the producing sector of the Moldovan economy has been feeling, for long, the consequences of the crisis hitting not only the world financial markets, but the world economy in general. The raw materials are up, as well as the loans. The companies cannot run with an interest rate of 27 -28% and more. Nistor Andries, the general manager of SA Inconmash,pointed to another phenomenon becoming more and more obvious – “people buy what costs less.” The world financial markets are rattled by the collapse of the investment bank Lehman Brothers. To stop the crisis, the Federal Reserve lends $85 billion to the insurer American International Group to rescue it from failure. Another investment bank -- Merrill Lynch – was already swallowed by the Bank of America.