Chisinau, December 23, 2024 – Over the past seven years, Moldova Innovation Technology Park (MITP) has become a cornerstone of Moldova’s economy, contributing an impressive 5% to the national GDP in 2024 and fostering a vibrant technology ecosystem. Launched in 2018, MITP has revolutionized the country’s tech landscape by attracting over 2,130 resident companies, representing industries such as IT, R&D, and creative services.
The park celebrated its achievements at the “SUM IT UP #7” event, marking its anniversary with stakeholders from government, business, and international partners. The event served as a testament to the park’s success and its vision for the future.
Transforming Moldova’s Economy Through Tech
MITP’s innovative policies, such as the 7% single tax regime and simplified regulatory frameworks, have drawn investments from 42 countries across five continents. Since its inception, IT service exports have grown tenfold, and resident companies have paid over MDL 6 billion (about USD 335 million) in taxes between 2018 and 2024. The park’s impact is comparable to a city, ranking as the second-largest economy in Moldova after the capital, Chisinau.
“MITP is a proof point that smarter, lower taxes can drive growth and innovation. Its success shows that Moldova can be a magnet for global investment. We’ve extended MITP’s unique fiscal regime until 2037 because we believe the next world-changing tech solution could emerge right here. This park is not just shaping Moldova’s economy—it’s setting an example for the world.” said Deputy Prime Minister and Minister of Digitalization Dumitru Alaiba.
Shaping Moldova’s Tech Ecosystem
MITP has established itself as a model for smart economic policies. Investments in its ecosystem have fueled dynamic growth, creating a tech community comparable in size to a major economic hub.
“Since 2018, more than 1,700 new companies have been created, and these numbers continue to grow each year. MITP’s successful model has provided stability and clarity for investors through our commitment to innovation, growth, and collaboration, consolidating our position as a regional hub of technological excellence”, said Marina Bzovîi, Administrator of MITP.
Strengthening Governance Through the New MITP Council
To enhance transparency, collaboration, and strategic decision-making, MITP is introducing a new governance structure with the establishment of the MITP Council, set to commence on January 1, 2025. This collegial body will serve as a platform for dialogue between the government, represented by the Ministry of Economic Development and Digitalization, and MITP residents. Comprising nine members—four appointed by the Ministry and five elected by residents during the 2024 General Assembly—the Council aims to align strategic priorities, foster inclusivity, and drive competitiveness at both regional and global levels. By creating a structured framework for stakeholder engagement, the MITP Council underscores the park’s commitment to innovative governance and sustainable growth.
