Moldova Innovation Technology Park (MITP) continues to break records and transform the country’s economic landscape.

In 2025, Europe’s first fully virtual IT park and a key pillar of Moldova’s innovation ecosystem, MITP, expects its resident companies to generate over €1 billion in revenue, representing a 30% increase compared to 2024 and reaffirming the IT sector as a major driver of Moldova’s economic growth.

Launched in 2018 by the Government of Moldova, MITP has rapidly evolved into a gateway to Eastern Europe’s emerging tech scene. Today, it brings together more than 2,370 resident companies from 43 countries, including new entrants from the United States, Germany, the United Kingdom, Italy, Ukraine, France, and many others. In 2024 alone, 533 new companies joined—the highest annual growth since the park’s creation.

The regional geopolitical context has played a decisive role. In 2021, MITP hosted only three Ukrainian companies. By 2024, this number had increased more than fourteen-fold due to strategic relocations caused by the war. Meanwhile, the number of Romanian-owned companies nearly doubled over the past three years, influenced in part by recent tax changes affecting Romania’s IT sector, said Marina Bzovîi, Administrator of MITP.

Beyond the technology sector, Moldova is undergoing a structural transformation of its economy, marked by a decisive shift from goods production to a services-driven growth model. In 2025, the country reached three historic milestones in services exports:

• $626 million USD in the first quarter alone—a record high for this period
• $2.8 billion USD annually—an all-time maximum
• Services now account for 44.5% of total exports, the highest share in Moldova’s history

IT services lead this growth, totaling $686 million USD, followed by transportation services ($561 million) and business support services ($279 million). Education and health services are also on a strong upward trajectory. As a result, Moldova currently enjoys a trade surplus in services of $900 million USD, helping to offset goods deficits and positioning the country as a dynamic, services-based economy.

Moldova’s economic model is undergoing a profound transformation—from a traditional goods-based economy to one driven by high-value services and digital innovation. The extraordinary growth of MITP is a testament to our unwavering commitment to building a service-oriented, future-ready economy that creates skilled jobs and attracts global investment. As we accelerate digital transformation and promote smart regulation, Moldova is emerging as a competitive, innovation-driven destination in the heart of Europe, added Doina Nistor, Deputy Prime Minister and Minister of Digitalization and Economic Development of the Republic of Moldova.

MITP is home to pioneering companies that have chosen Moldova as the ideal place to innovate and grow. For example, Parkopedia, founded by Eugene Tsyrklevich, started as a small operation and now provides smart parking solutions for global automotive giants such as BMW, Audi, and Toyota—all developed from Moldova thanks to MITP’s supportive environment. Meanwhile, Argus AI, co-founded by neurosurgeon Alexandru Andrusca and AI expert Vladimir Verbulski, has created an advanced virtual reality system for neurosurgical planning, making this technology more accessible worldwide. These success stories show how Moldova has become an unexpected but highly attractive destination for cutting-edge technology and ambitious entrepreneurs.

The economic impact of MITP is significant: in 2024, resident companies contributed over €78 million to Moldova’s public budget, four times more than in 2017. Approximately half of this amount comes from businesses established after the park’s launch, highlighting MITP’s role as a catalyst for job creation, investment attraction, and the strengthening of Moldova’s digital competitiveness.