The IT industry is undoubtedly the most dynamic and one of the fastest-growing economic sectors in Moldova. It offers the highest salaries, employs the youth and the creative people, digitally transforms the entire society, and is a Government top priority. The information and communications technology industry has become one of the locomotives of economic growth in the Republic of Moldova in recent years. As expected, the incentives offered by the Moldova Innovation Technology Park (applied 7% single tax on turnover which covers a set of social taxes) gave a significant boost to the ICT sector development. At the same time, the country's rising position in international ICT ranking plays an instrumental role in building a regionally and globally competitive economy

Internet Connection. Moldova has one of the best internet connections in the world, some of the lowest costs in terms of price per Mbit.

World Wide Web. The largest providers of xDSL and FTTx cover almost the entire country with the World Wide Web which provides fast and reliable internet connection.

Internet. Fiber optic and wireless broadband internet, including mobile internet, is available in most urban and rural areas of the country (PoP-98%) at some of the highest speeds in Europe

At the same time, we must mention that Moldova IT Park has been recognized by the International Telecommunication Union (ITU) as one of the best global practices in promoting and developing the IT ecosystem. The award was presented at ITU Telecom World 2019 which took place in Budapest, Hungary.

During 2015-2020, the IT industry recorded an immense increase of the annual sales revenue - from $125 M to $426 M, representing 3.6% of GDP and an increase of over $42 M, only in 2020. ln the reference уеаr, together with the sales volume in the electronic communications industry the ICT sector accounted for 7.4% of national GDP.

The volume of exports of ICT products and services exceeded $304 M in 2020, which continues to exceed export sales of alcoholic beverages and wines. The IT sector’s share is already comparable to the entire agricultural sector of the country.

There has been a qualitative transformation of the ICT sector from Internet access networks and services to the highest value-added, export-oriented IT products and services. The positive evolution in the industry generated an increased number of ICT companies, which has raised by 41% since 2015, encountering 2,400 companies, and hiring more than 30,500 people, ensuring the best level of salary in the economy. According to MIA estimations, the IT industry employs over 16,500 professionals, servicing mainly European and US markets. The service focus is across multiple industries, especially in Government, Banking, and Telecom sectors.

COWORKING SPACES

There are more and more co-working spaces (over 6000 sq.m) in Chisinau, those open spaces that bring start‐uppers and freelancers together. It’s a good opportunity to find partners for your business, meet potential investors or benefit from informative events. Moldova IT Park, Tekwill, Artcor, Business Lab, IHUB, DREAMUPS, ZipHouse, Generator Hub, Work Point, Digital Park, 13A, etc.