On Friday, an official start was given to the €60 million investment by the biodiesel producer Mestilla in the Klaipėda free economic zone (FEZ). The company started developing a new rapeseed processing plant, as well as an advanced biofuel technology within its current manufacturing infrastructure. With the completion of these projects by the end of […]
According to a new survey by the consulting firm Civitta, 84% of Klaipėda county residents rate the reputation of Klaipėda Free Economic Zone (FEZ) as good or very good. Additionally, 75% of respondents have positive opinions about the business community within the zone and its reliability. All these metrics have improved over the past three years. […]
Simonas Petrulis, the CEO and Chairman of the Board of the Baltic FEZ, and new President of the Lithuanian Association of Free Economic Zones (LAFEZ), emphasized the significant potential of the country’s FEZs. He highlights that FEZ management companies create attractive conditions for investors by quickly adapting manufacturing, storage, and logistics facilities to meet their needs. S. Petrulis […]
Flex Start Three, a real estate development company established by the Klaipėda FEZ, has received a construction permit for a 8.8 thousand square meter area production building, divided into six segments, designed for rapid adaptation to the needs of tenants. This marks the third building in the internationally acclaimed FlexStart family, facilitating businesses to launch […]
The Global Alliance of Special Economic Zones (GASEZ) has selected Klaipėda Free Economic Zone (FEZ) among the top 50 global Model Zone Partners that best reflect global sustainable development goals. The objective of the SDG Model Zone list and initiative is to raise awareness of the contributions of special economic zones to sustainable development, recognize […]
Pon.Bike, one of the largest bicycle manufacturers in the world, began construction of a factory in Kėdainiai in February of last year. Construction was completed in one year. The size of the facility is impressive – almost 40,000 m2, with an A++ energy efficiency classification. The building was constructed by UAB YIT Lietuva and was […]
The absolute majority of investors operating in the Klaipėda Free Economic Zone (FEZ) would recommend their experience to other businesses, according to the latest client satisfaction survey conducted by the strategic management consulting company Smart Continent LT. According to the survey conducted at the end of 2023, the Klaipėda FEZ is highly rated by 94.3% […]
Over the last 10 years, investors operating in the Klaipėda FEZ have paid EUR 66 million in personal income tax, the majority of which has gone to the city budget. During this period, FEZ investors also paid EUR 500 million in VAT and social security taxes for the state budget. In 2022 alone – the […]
According to Arginta Engineering UAB’s estimates for 2023, consolidated income of its factories in Vilnius, Lithuania and Outokumpu, Finland would reach EUR 61 million, and EBITDA (earnings before interest, tax, depreciation and amortisation) would be EUR 4.5 million. In 2024, the company will focus on its new factory in Panevėžys FEZ the opening of which […]
Dear colleagues and friends, A year ago, many of us rightly feared 2023: while the energy and inflation crises had already peaked, the interest rate and geopolitical environment that restricts business and consumption were and still are worrying. The challenges are far from having disappeared over the year, but I venture to cautiously welcome the […]