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After World War II, a number of industries were nationalized, and new public corporations established. Since the late 1970s, however, there has been a growing incidence of privatization, and many previously nationalized activities have been returned to the private sector, becoming public limited companies.
The bison's head, star, rose, and crescent are traditional symbols of Moldavia. The colours are based on the Romanian flag. Effective date: 3 November 1990.
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