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

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

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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.

TAGGED:IncomeMITP
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