Alexandru MUSTEATA,
Chairman of the Board of Directors.

The Universal Commodity Exchange of Moldova is the organization carrying out the arrangement of the exchange commodity trade, which takes place at the exchange hall through open trade sessions (auctions with hammer) and starts daily at 11AM. All types of the commodities are traded at the UCEM, excluding real-estate, securities and intellectual property.

The Universal Commodity Exchange of Moldova was established by 15 founders- legal persons and registered in accordance with the current Legislation of the Republic of Moldova on August 23, 2002, with the Statutory capital of 1 005 mln MDL. Presently, there are 21 Members of Exchange. The governing body of the UCEM is the General Meeting of Full and Associate Members of the Exchange, which is entitled to approve the Trading Rules and regulations, accept new members and name the Board of Directors and the Executive body.

The UCEM is an independent and a self-governing organization, but works in a close cooperation with the legislative and executive authorities of the Republic of Moldova, public institutions and a great number of foreign and national partners.

The first transaction at the UCEM was launched on September 30, 2002, and was based on the previously elaborated Temporary Trading Rules and internal regulations. The Legislation of the UCEM is in the process of development: different projects are discussed at the meetings of the Exchange and afterwards are accepted by the governing body of the Exchange.

Shortly after its foundation, the UCEM was recognized as a vital and perspective institution. The trade volume at the Exchange is about 232.17 mln MDL, more than 7 thousands of board lots were exhibited at the UCEM auctions, 5392 thousands of which have become the objects of the contracts.

We always open positions. The number of brokers, clients, products and the geography of transactions are constantly expanding.

The current Legislation, economic conjuncture and, especially- business environment, greatly interested in the organized exchange market, which would correspond to the civilized trade rules, as well as the centuries-old international exchange- business practice and our own experience, make us to look forward with optimism. So, we invite you to benefit from the advantages offered by the UCEM even today.

Ludmila Moraru,
President and CEO of the UCEM

Dear colleagues, the Executive body of the UCEM congratulates you with the appearance of a new publication on the information market of RM- "Commodity Exchange- exchange quotations". We would like to pay your attention to the fact, that the Law on "The Commodity Exchanges" was approved on 25 July 1998, but the establishment of the institution which would correspond to the stipulations of this Law, became possible only in 2002.

The birth of the Commodities Exchange was caused by the economic reforms in the Republic of Moldova, radical changes in the economic relations and their transformation into the market ones, as well as by the necessity of the mechanism, which would create necessary conditions for the demand-offer interaction and determination of the market prices. The primary method of trading is based on the open auction equality principle and everyone who is interested has an access to the existing demands and offers in the equal market conditions.

Even though, our exchange trade experience is not very long, trade sessions with participation of resident economic agents and non-resident ones take place daily. External economic transactions are facilitated by the National Bank of Moldova Decision about "Some aspects of the settlements for the export/import transactions effected at the UCEM " form January 27, 2003.

The Universal Commodity Exchange of Moldova has become an important partner for the participants of the exchange trade and is looking forward to the future collaboration with all economic agents. The UCEM auctions provide the transparency of the transactions executed and give you the real market prices, which are used by the Tax authorities (art.5, p.24 of the Tax Code: "The only source of information about the market prices of the transactions executed by a tax-payer is official quotation registered at the Exchange."), and by the Customs- for the export operations registration.

The Universal Commodity Exchange of Moldova has become an important partner for the participants of the exchange trade and is looking forward to the future collaboration with all economic agents. The UCEM auctions provide the transparency of the transactions executed and give you the real market prices, which are used by the Tax authorities (art.5, p.24 of the Tax Code: "The only source of information about the market prices of the transactions executed by a tax-payer is the official quotation registered at the Commodity Exchange."), and by the Customs- for the export operations registration. Our publication "Commodity Exchange- exchange quotations" is published weekly. You can obtain information about the trade volume, prices formed at the auctions, offers to sell and the ones to buy, quotations, local and foreign news about the circulation of goods. Also, our edition informs you about the exchange trading rules and regulations, mechanism of internal and external exchange transactions' registration, list of Exchange Members and membership requirements.

  UCEM - is your reliable business partner.