Moldova

The largest city in Moldova is Chișinău with a population of 635,994 people.

Moldova lies between latitudes 45° and 49° N, and mostly between meridians 26° and 30° E (a small area lies east of 30°). The total land area is 33,851 km2 (13,070 sq mi)

The largest part of the country (around 88% of the area) lies in Bessarabia region, between Prut and Dniester rivers, while a narrow strip in the east is located in Transnistria (east of the Dniester). The western border of Moldova is formed by the Prut river, which joins the Danube before flowing into the Black Sea. Moldova has access to the Danube for only about 480 m (1,575 ft), and Giurgiulești is the only Moldovan port on the Danube. In the east, the Dniester is the main river, flowing through the country from north to south, receiving the waters of Răut, Bîc, Ichel, Botna. Ialpug flows into one of the Danube limans, while Cogâlnic into the Black Sea chain of limans.

The country is landlocked, though it is close to the Black Sea; at its closest point it is separated from the Dniester Liman, an estuary of the Black Sea, by only 3 km of Ukrainian territory. While most of the country is hilly, elevations never exceed 430 m (1,411 ft) – the highest point being the Bălănești Hill. Moldova's hills are part of the Moldavian Plateau, which geologically originate from the Carpathian Mountains. Its subdivisions in Moldova include the Dniester Hills (Northern Moldavian Hills and Dniester Ridge), the Moldavian Plain (Middle Prut Valley and Bălți Steppe), and the Central Moldavian Plateau (Ciuluc-Soloneț Hills, Cornești Hills—Codri Massive, "Codri" meaning "forests"—Lower Dniester Hills, Lower Prut Valley, and Tigheci Hills). In the south, the country has a small flatland, the Bugeac Plain. The territory of Moldova east of the river Dniester is split between parts of the Podolian Plateau, and parts of the Eurasian Steppe.

The country's main cities are the capital Chișinău, in the centre of the country, Tiraspol (in the eastern region of Transnistria), Bălți (in the north) and Bender (in the south-east). Comrat is the administrative centre of Gagauzia.

Climate[edit]

Moldova has a climate which is moderately continental; its proximity to the Black Sea leads to the climate being mildly cold in the autumn and winter and relatively cool in the spring and summer.[138]

The summers are warm and long, with temperatures averaging about 20 °C (68 °F) and the winters are relatively mild and dry, with January temperatures averaging −4 °C (25 °F). Annual rainfall, which ranges from around 600 mm (24 in) in the north to 400 mm (16 in) in the south, can vary greatly; long dry spells are not unusual. The heaviest rainfall occurs in early summer and again in October; heavy showers and thunderstorms are common. Because of the irregular terrain, heavy summer rains often cause erosion and river silting.

The highest temperature ever recorded in Moldova was 41.5 °C (106.7 °F) on 21 July 2007 in Camenca.[139] The lowest temperature ever recorded was −35.5 °C (−31.9 °F) on 20 January 1963 in Brătușeni, Edineț county.[140]

Biodiversity[edit]

Phytogeographically, Moldova is split between the East European Plain and the Pontic–Caspian steppe of the Circumboreal Region within the Boreal Kingdom. It is home to three terrestrial ecoregions: Central European mixed forests, East European forest steppe, and Pontic steppe.[142] Forests currently cover only 11% of Moldova, though the state is making efforts to increase their range. It had a 2019 Forest Landscape Integrity Index mean score of 2.2/10, ranking it 158th globally out of 172 countries.[143] Game animals, such as red deer, roe deer and wild boar can be found in these wooded areas.[144]

The environment of Moldova suffered extreme degradation during the Soviet period, when industrial and agricultural development proceeded without regard for environmental protection.[144] Excessive use of pesticides resulted in heavily polluted topsoil, and industries lacked emission controls.[144] Founded in 1990, the Ecological Movement of Moldova, a national, non-governmental, nonprofit organization which is a member of the International Union for Conservation of Nature has been working to restore Moldova's damaged natural environment.[144] The movement is national representative of the Center "Naturopa" of the Council of Europe and United Nations Environment Programme of the United Nations.[147]

Once possessing a range from the British Isles through Central Asia over the Bering Strait into Alaska and Canada's Yukon as well as the Northwest Territories, saigas survived in Moldova and Romania into the late 18th century. Deforestation, demographic pressure, as well as excessive hunting eradicated the native saiga herds which is currently threatened with extinction. They were considered a characteristic animal of Scythia in antiquity. Historian Strabo referred to the saigas as the kolos, describing it as "between the deer and ram in size" which (understandably but wrongly) was believed to drink through its nose.[148]

Another animal which was extinct in Moldova since the 18th century until recently was the European Wood Bison or wisent. The species was reintroduced with the arrival of three European bison from Białowieża Forest in Poland several days before Moldova's Independence Day on 27 August 2005.[149] Moldova is currently interested in expanding their wisent population, and began talks with Belarus in 2019 regarding a bison exchange program between the two countries.[150]

After the breakup of the USSR in 1991, energy shortages, political uncertainty, trade obstacles and weak administrative capacity contributed to the decline of Moldova's economy. As a part of an ambitious economic liberalization effort, Moldova introduced a convertible currency, liberalized all prices, stopped issuing preferential credits to state enterprises, backed steady land privatization, removed export controls, and liberalized interest rates. The government entered into agreements with the World Bank and the International Monetary Fund to promote growth. The economy subsequently declined from 1991 to 1999. Since 2000, however, the country's GDP (PPP) grew significantly:[17][151]

Although estimates point to possible modest overvaluation of the real exchange rate, external competitiveness appears broadly adequate as reflected in strong sustained export performance.[152] However, the near-term economic outlook is weak. Main risks to the near-term outlook relate to serious vulnerabilities and governance issues in the banking sector, policy slippages in the run up to the elections, intensification of geopolitical tensions in the region, and a further slowdown in activity in main trading partners.

Moldova remains highly vulnerable to fluctuations in remittances from workers abroad (which constitute 24 percent of GDP), exports to the Commonwealth of Independent States (CIS) and European Union (EU) (88 per cent of total exports), and donor support (about 10 per cent of government spending). The main transmission channels through which adverse exogenous shocks could impact the Moldovan economy are remittances (also due to potentially returning migrants), external trade, and capital flows.

Moldova largely achieved the main objectives of the combined ECF/EFF (IMF financial credit) supported program. The economy recovered from the drought-related contraction in 2012.

The gross average monthly salary in the Republic of Moldova has registered a steady positive growth after 1999, being 5906 lei or 298 euros in 2018.

Corporate governance in the banking sector is a major concern. In line with FSAP recommendations, significant weaknesses in the legal and regulatory frameworks must be urgently addressed to ensure stability and soundness of the financial sector. Moldova has achieved a substantial degree of fiscal consolidation in recent years, but this trend is now reversing. Resisting pre-election pressures for selective spending increases and returning to the path of fiscal consolidation would reduce reliance on exceptionally high donor support. Structural fiscal reforms would help safeguard sustainability.[152] Monetary policy has been successful in maintaining inflation within the NBM's target range. The implementation of structural reforms outlined in the National Development Strategy (NDS) Moldova 2020—especially in the business environment, physical infrastructure, and human resources development areas—would help boost potential growth and reduce poverty.[152] Moldova's remarkable recovery from the severe recession of 2009 was largely the result of sound macroeconomic and financial policies and structural reforms. Despite a small contraction in 2012, Moldova's economic performance was among the strongest in the region during 2010–13. Economic activity grew cumulatively by about 24 percent; consumer price inflation was brought under control; and real wages increased cumulatively by about 13 percent. This expansion was made possible by adequate macroeconomic stabilization measures and ambitious structural reforms implemented in the wake of the crisis under a Fund-supported program. In November 2013, Moldova initialed an Association Agreement with the EU which includes provisions establishing a Deep and Comprehensive Free Trade Area (DCFTA).