Moldova’s IT park surges toward €1B in revenues as country bets big on tech

Cristian Hatis
2 Min Read
Republic of Moldova flag | Image by: depositphotos.com

Moldova’s flagship tech initiative, Moldova Innovation Technology Park (MITP), has become one of the country’s most powerful economic engines. According to its latest annual report, the park closed 2024 with record-breaking numbers and is now on track to generate more than €1 billion in revenues by 2025.

The momentum is striking: MITP now hosts 2,154 resident companies, up 33% from 2023. Last year alone, 686 new companies joined, including 455 startups founded in 2024, marking the biggest expansion in the park’s seven-year history.

Part of that growth came after new rules allowed outsourcing and call-center services for export starting in February 2024. That single policy shift pulled in more than 200 fresh entrants.

Exports, taxes, and big national impact

88% of sales from MITP companies go abroad, making up 26% of the nation’s total service exports. Total sales in 2024 reached 15.2 billion lei (~€770M), a 21% jump year over year.

Tax contributions hit 1.5 billion lei, with MITP residents covering the equivalent of 16% of Moldova’s national healthcare budget and 90% of higher education funding.

Beyond exports, the park is reshaping Moldova’s job market, as more than 24,200 employees work for MITP companies. The average monthly salary reached 50,064 lei (~€2,600) — up 23% year-over-year. Women now represent 32% of all specialists.

MITP’s influence is increasingly international: resident companies span 42 countries, including the US, UK, Germany, Romania, and Ukraine. Around 1 in 8 companies has foreign or mixed capital.

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