In 2024, the Moldova Innovation Technology Park (MITP) not only solidified its position as the country’s leading tech hub — it also emerged as one of the key drivers of Moldova’s economic growth. According to the latest annual report, MITP closed the year with impressive results and an ambitious forecast for 2025: the total revenue generated by park residents is expected to exceed €1 billion.
Record-Breaking Growth: The Numbers Speak for Themselves
- MITP is now home to 2,154 resident companies, up 33% compared to 2023.
- In 2024 alone, 686 new companies joined the Park, with 455 of them founded in the same year.
- This marks the largest expansion in MITP’s seven-year history.
This rapid growth was driven not only by improved business conditions, but also by an expanded list of permitted business activities. Notably, as of February 2024, outsourcing and call center services aimed at export were legalized — attracting over 200 new companies to the sector.
Exports, Taxes, and Economic Impact
MITP plays a crucial role in Moldova’s export economy and tax base:
- 88% of total sales from MITP resident companies are export-driven — meaning the MITP generates 26% of all country’s service exports.
- Total sales in 2024 reached 15.2 billion MDL, or approximately €770 million — a 21% increase over the previous year.
- Residents contributed 1.5 billion MDL in taxes, 83% of which came from the single tax paid by residents.
For perspective: taxes paid by MITP residents is enough to cover 16% of the national healthcare expenditures and 90% of the national budget for higher education.
“This economic performance highlights the increasingly strategic role of the IT sector in the economic development of the Republic of Moldova, contributing 4.7% to the national GDP in 2024. The growth in the turnover of resident companies has a direct impact on increasing contributions to the Public Budget, confirming the efficiency and sustainability of the fiscal regime offered by MITP.
The Park’s operational model, based on a competitive fiscal framework, continues to demonstrate its ability to attract investment, stimulate economic growth, and generate real added value in the national economy.”
says Marina Bzovîi, Director Moldova Innovation Technology Park
People and Pay
- MITP resident companies employ over 24,200 people, with 89% directly involved in the eligible activities.
- The average monthly salary in 2024 reached 50,064 MDL (about €2,600), showing a 23% year-over-year increase.
- Women now make up 32% of all specialists, and the number of foreign professionals rose to 541.
Investment and Global Presence
MITP continues to grow its international profile:
- Resident companies represent 42 countries, including Romania, the USA, Germany, Ukraine, the UK, and more.
- Approximately 1 in 8 companies at MITP has foreign or mixed capital.
Looking Ahead: The Billion-Euro Ambition
MITP shows no signs of slowing down. Already, its residents contribute around 5% of Moldova’s GDP. Analysts predict that in 2025, the total revenue from MITP resident companies will surpass €1 billion.
This milestone will not only mark the maturity of MITP’s ecosystem — it will also represent a breakthrough moment in the evolution of Moldova’s IT sector and its global positioning.
