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 […]
As businesses increasingly compete for the attention of consumers, the ability to move into industrial or office premises at lightning speed and quickly adapt them to their own needs is becoming an important competitive advantage. The Klaipėda Free Economic Zone (FEZ) management company, which noticed this trend some time ago, was quick to take advantage […]
The Baltic FEZ (BFEZ), which marks its 10th anniversary this year, is entering a new stage of development: it will build manufacturing facilities. New investors planning to produce higher- and medium-value-added products, whose objective is to focus on their manufacturing business, not on building design, real estate development and other construction activities, will be able […]
The Ukrainian company specializing in pet food, “Kormotech,” unveils an ambitious plan to expand its manufacturing capabilities in the Kėdainiai Free Economic Zone (FEZ). The company aims to hire 200 specialists additionaly and invest over 60 million euros in four new production lines, scheduled to be operational by 2028. “Kormotech” started its operations in 2020, […]
Publicly listed Baltic Sea Properties has recently entered into a land lease agreement with the Klaipėda Free Economic Zone (FEZ). This strategic partnership will facilitate the expansion of Klaipėda Business Park by up to 16,000 sqm in two phases over the coming years. The planned expansion will extend the 24,000 sqm integrated park complex’s total […]