An analysis conducted by Nadejda Hodus, Financial Manager at MITP, based on data from the first half of 2026, shows that the Park’s economic performance is supported by locally owned companies, small and medium-sized technology teams, and international investors.
Companies with fewer than 50 employees generated 55% of total sales by Moldova Innovation Technology Park (MITP) residents in the first half of 2026. At the same time, approximately two-thirds of the Park’s sales were generated by companies outside the TOP 35. The data show that the value created within the MITP ecosystem is not concentrated exclusively among a few large employers, but is supported by a diverse business base.
By the end of the first six months of the year, MITP had 2,931 active residents employing more than 27,150 people. Their combined sales reached MDL 10.7 billion, up 19.1% compared with the same period of the previous year. Sales grew at a significantly faster pace than the number of residents, indicating stronger economic activity and a higher volume of operations among companies in the Park. The scale of the ecosystem’s economic contribution was already evident in 2025, when the activity of MITP residents accounted for 5.3% of the Republic of Moldova’s Gross Domestic Product.
Beyond the pace of growth, the structure of these results provides a clearer picture of the companies creating value within the ecosystem: local entrepreneurs and foreign investors, small and medium-sized teams, and major international employers.
Locally owned companies represent 86% of residents
At the end of the first half of 2026, 2,515 MITP residents, equivalent to 86% of the total, were locally owned companies. Another 416 companies, or 14%, were foreign-owned. Local entrepreneurship therefore forms the broadest base of the ecosystem by number of companies.
At the same time, foreign-owned residents make an economic contribution that exceeds their numerical share, generating approximately 26% of MITP’s total sales.
The data point to a balance that is characteristic of the MITP model: locally owned companies provide the ecosystem with scale, while foreign investment contributes significantly to the volume of economic activity and connects the Republic of Moldova to the international technology market.
Teams with fewer than 50 employees generate MDL 5.9 billion
The distribution of sales by company size offers one of the most relevant perspectives on the MITP economy. In the first six months of 2026, companies with fewer than 50 employees generated approximately MDL 5.9 billion, accounting for 55% of total sales by residents.
Companies with 50–249 employees generated another MDL 2.8 billion, or approximately 26% of the total, while companies with at least 250 employees recorded sales of around MDL 2 billion, equivalent to approximately 18%.
Companies with fewer than 250 employees therefore generated approximately 82% of MITP’s sales, while those with fewer than 50 employees alone accounted for more than half of the total.
“The results reflect a defining feature of the technology industry: a company’s capacity to create value is not determined solely by the number of people it employs. Relatively small teams can develop software products and intellectual property, provide services to international clients, and generate significant sales volumes without having the structure of a large employer,” said Marina Bzovîi, MITP Administrator.
The TOP 35 generate one-third of sales
The 35 largest MITP companies by sales generated approximately MDL 3.53 billion in the first half of 2026, accounting for nearly one-third of the Park’s total sales.
Although they represent only around 1.2% of active residents, these companies make a substantial economic contribution. However, the remaining approximately two-thirds of sales are generated outside the TOP 35. MITP’s performance therefore does not depend exclusively on major players, but on the combined activity of a much broader base of residents.
Who are the companies in the TOP 35?
Of the 35 largest companies by sales, only 12 have at least 250 employees. Together, they generated approximately MDL 1.92 billion, representing around 55% of total sales within the TOP 35.
The largest category by number of companies consists of those with 50–249 employees: 19 residents with combined sales of approximately MDL 1.38 billion. Another four companies have fewer than 50 employees and together generated around MDL 225 million.
In total, 23 of the 35 companies have fewer than 250 employees. Even among the largest residents by sales, a very large workforce is therefore not a prerequisite for achieving significant economic scale.
The ownership structure adds another dimension to this picture. Of the companies in the TOP 35, 22 are locally owned and 13 are foreign-owned. Yet the two groups’ contributions to sales are almost evenly balanced: locally owned companies generated approximately MDL 1.82 billion, or 51.5%, while foreign-owned companies generated around MDL 1.71 billion, or 48.5%.
In other words, foreign-owned companies make up approximately 37% of the TOP 35 but generate nearly half of the group’s sales.
The differences become even clearer when company size and ownership are considered together. Of the 12 residents with at least 250 employees, eight are foreign-owned and four are locally owned. By contrast, of the 19 companies with 50–249 employees, 15 are locally owned and four are foreign-owned.
“The picture is therefore more complex than a simple division between ‘small local companies’ and ‘large foreign companies.’ Several growth models coexist within MITP: major international employers, locally owned medium-sized companies, and small teams capable of generating significant sales,” explained Nadejda Hodus, Financial Manager at MITP.
More than 27,150 people employed by MITP companies
At the end of the first half of 2026, MITP resident companies employed more than 27,150 people. They represented approximately 3.3% of the Republic of Moldova’s total employed population. Put simply, around one in every 30 people employed in the country works for an MITP resident company.
However, the distribution of sales shows that the sector’s economic contribution cannot be measured solely through job growth. Productivity, intellectual capital, service exports, and the ability of relatively small teams to operate in international markets are essential features of the technology economy.
Not one engine of growth, but an entire ecosystem
The data for the first half of the year point to a clear conclusion: MITP’s performance is not driven by a single type of company.
“On the one hand, MITP provides international companies with the framework they need to operate in the Republic of Moldova and contributes to the country’s integration into the global technology economy. On the other hand, it creates an environment in which local entrepreneurs and relatively small technology teams can grow, access international markets, and scale their businesses,” said Nadejda Hodus, Financial Manager at MITP.
MITP’s development is therefore about more than growth in the number of residents or in sales volumes. It reflects the emergence of an increasingly broad and diversified technology economy in which value is created by companies of different sizes, ownership structures, and business models.
The coexistence of major international players with a broad base of locally owned small and medium-sized enterprises is one of the defining features of the MITP ecosystem and an important foundation for its resilience and future growth.
MITP’s full report for the first half of 2026 is available here.