Moldova

Герб
 Флаг
 
Coat of arms: consists of a eagle holding a cross in its beak and a sceptre and an olive branch in its claws. According to Gheorghe Vrabie, the author of the coat of arms, the eagle symbolizes the Latin origin of the people. The chest of the eagle is protected by a shield that bears the traditional arms of Moldavia: an aurochs' head with a star between its horns. It also contains two lozenges (the ears), a five-petaled flower and a moon in a crescent phase. Everything on the shield has one of the three traditional colours: red, yellow, blue.

The coat of arms appears in the centre of the flag of Moldova.

Flag: is a vertical tricolour of blue, yellow, and red, charged with the coat of arms of Moldova (an eagle holding a shield charged with an aurochs) on the center bar. The obverse is mirrored. The flag ratio is 1:2.

 

 
  • Anthem: «Limba noastră» is the national anthem of Moldova.
  • Official languages: Romanian.
  • Geographical location: it is a landlocked country in Eastern Europe, bordered by Romania to the west and Ukraine to the north, east, and south.
  • Administrative divisions: Moldova is divided into 32 districts, three municipalities and two autonomous regions (Gagauzia and Transnistria). Other 10 cities, including the Comrat and Tiraspol, the administrative seats of the two autonomous territories, also have municipality status.
  • Capital: Chișinău.
  • Governance: the politics of Moldova take place in a framework of a parliamentary representative democratic republic, wherein the prime minister is the head of the government, and a multi-party system. The government exercises executive power while the legislative power is vested in the Parliament. The judiciary is independent of the executive and the legislature. 
  • Population: 3.5 million. 
  • Currency: Leu.
  • GDP: $8.4 billion.
  • Time zone: GMT +1, GMT +2.
  • Telephone code: +373.
  • Barcode: 484.

 

Trade and economic cooperation between Belarus and Moldova

Belarus and Moldova are parties to the CIS Free-Trade Agreement dated to October 18, 2011. Taking into account that Moldova has been a member of the WTO since 2001, a tariff barrier is quite low (4.6%). The tariff for agricultural products is 10.5%, for other products — 3.7%.

The DCFTA agreement has already affected up to 25% of Belarusian exports. Import duties on goods from the EU-countries have been reduced from 1 to 15% and competition has increased.

This sharp reduction in duties (from 4 to 10%) on European goods led to decrease of price competitiveness of Belarusian refrigerators, washing machines, gas cookers, tyres, glass fibres, plates of plastics, synthetic filament yarns, polymers of ethylene, cosmetics, paper and paperboard, wallpaper, joinery and carpentry of wood, ceramic tiles.

In 2016, trade turnover between Belarus and Moldova reduced by 15.2% to $227.1 million as compared to the previous year, Belarusian exports decreased by 0.7% to $118.2 million, Moldovan exports — by 26.8% to $108.9 million. Trade surplus was $9.2 million.

In 2016, Moldova ranked fifth among all CIS countries, importing Belarusian goods, and third among all CIS countries, exporting their goods to Belarus.

Dynamics of trade between Belarus and Moldova (in million U.S. dollars)

Years

Turnover

Exports

Imports

Surplus

2012

338.5

253.4

85.1

168.3

2013

357.3

265.5

91.8

173.7

2014

411.8

262.2

149.6

112.6

2015

268.2

119.4

148.8

-29.4

2016

227.1

118.2

108.9

9.3

2016 to 2015, %

84.8

99.3

84.6

 

January — May 2017

81.3

48.8

32.5

16.3

January — May 2017 as compared to January — May 2016, %

76.4

117.0

50.2

 

Moldova exported fruits, wines, spirits, maize, carpets, gypsum, medicaments and etc. Belarus was a major importer of Moldovan wines and brandy. They accounted for 24.3% of Moldavian exports of beverages. In addition, Belarus accounted for 7% of Moldavian exports of agricultural products in 2016.

In January — May 2017, trade turnover between the countries decreased by 23.6% to $81.3 million as compared to the same period of 2016, Belarusian exports increased by 17.0% to $48.8 million, Moldavian exports decreased by 49.8% to $32.5 million. Trade surplus was $16.3 million.

Belarus's most valuable products, imported by Moldova in January — May 2017:

  • Processed petroleum oils;
  • Sugar;
  • Tractors and semi-tractors;
  • Wood sawn or chipped lengthwise;
  • Medicaments;
  • Glass fibres;
  • Cars;
  • Polyacetals and polyethers;
  • Potatoes;
  • Plates and film of plastics;
  • Petroleum gases and other gaseous hydrocarbons;
  • Ethyl alcohol; 
  • Petroleum coke, petroleum bitumen;
  • Hosiery;
  • Underglazed and ceramic tile and etc.

In January — March 2017, exports of services decreased by 17.7% to $1.1 million due to reduction in trucking and passenger rail services.

There are three joint assembly factories in Moldova:

  • Belkommunmash trolleybuses are assembled at Chisinau city trolleybus park;
  • Tractors Belarus-921 of Smorgon Assembly Plant — at Agrofermotech Ltd.;
  • Light tractors of Bobruisk Plant of Tractor Parts and Units — in Gagauzia. 

 

This article has been prepared on the basis of information provided by the National Centre for Marketing and Price Study of the Ministry of Foreign Affairs, and the Embassy of the Republic of Belarus in the Republic of Moldova, and taken from public sources. The information presented herein is for informative purposes only. In this regard, it may be useful for the companies, which have been working in Moldova for a long time, as well as for those, which are going to enter this market. Any questions, feedbacks and comments concerning this article are welcome. All of them will be fully considered and taken into account, if possible. If you have any information that may be interesting and useful for the visitors of this page, please write to us.

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