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Chisinau the capital city of moldova is a burgeoning hub for startups in eastern europe the city has a rich history of entrepreneurship with many successful businesses being founded in the area the population of chisinau is around 700000 with a diverse mix of cultures and backgrounds in terms of technological innovation chisinau has made significant strides in recent years the city is home to a number of tech startups including those in the fields of fintech ecommerce and software development companies such as das solutions simpals and wargaming have all been founded in chisinau and have gone on to achieve global success chisinau is also home to a number of universities including the technical university of moldova and the state university of moldova these institutions have played a key role in fostering a culture of innovation and entrepreneurship in the city the living wage in chisinau is around 4000 moldovan lei per month approximately 220 usd while the unemployment rate is currently around 45 the city level gdp is estimated to be around 35 billion usd despite these positive indicators the rate of new companies starting and ending in chisinau is relatively high this is due in part to the challenges faced by startups in moldova including limited access to funding and a lack of government support overall the startup scene in chisinau is thriving but there is still work to be done to ensure that the city can continue to attract and support innovative new businesses with its talented workforce supportive community and growing reputation as a hub for tech startups chisinau has the potential to become a major player in the global startup ecosystem
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