Moldovan parliament gives green light for creation of advanced technology park, Moldova HiTech Park

An advanced technology park named, Moldova HiTech Park, will be established in Moldova. The parliament has approved a draft law setting the legal framework for the establishment and special operational regime of this innovation hub.

According to the draft, Moldova HiTech Park will have the status of an industrial park and will work as a multidisciplinary center, bringing together research, development, startup incubation, university education, continuous training, as well as attracting private investments and technology transfer.

The park will be built in Stauceni, covering an area of about 50 hectares, and will be developed during 30 years. The complex will include office buildings, laboratories, university campuses, conference centers, residential spaces, and infrastructure for testing and prototyping. It is estimated that more than 21,000 jobs will be created in technological fields and investments of over 200 million euros will be attracted.

Victor Spinu, an MP of the Action and Solidarity Party (PAS) and author of the legislative initiative, claims that the project will deeply transform the national economy, by stimulating innovation and creating a strategically important technological platform.

 

The initial funding of the park will be provided from resources allocated within the Economic Growth Plan for Moldova, developed in collaboration with the European Union. For the period 2024-2027, the plan foresees the allocation of up to 200 million euros for the development of industrial and innovative areas.