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 […]
Klaipėda Free Economic Zone (FEZ) has received an Excellence award for non-fiscal incentives for investors and an Honourable mention for renewable energy solutions in the annual rankings of FDI Intelligence, a publication of the Financial Times group. In this year’s FDI Intelligence’s Free Zones of the Year rankings, non-fiscal incentives were given special attention. The […]
Vėjo Projektai, a company developing fully electric Dancer buses in the Klaipėda FEZ, introduced itself to the world last week at Busworld 2023 in Brussels – one of the most important passenger transport events attended by tens of thousands of people. According to the company, visitors were most impressed by the exceptional design, lightness and […]
American capital biotechnology company Cureline Inc. is investing EUR 3.5 million in the construction of a new biotechnology plant and research laboratory in Klaipėda FEZ. The plant, laboratory and administrative premises will be located in the FlexStart facility. The start of operations is planned for the first half of 2024. The new plant and laboratory […]
A sustainable construction components factory began operations this week at Akmenė FEZ. What makes these sustainable wooden components special, and what are they used for, what makes this factory different from any other, how will it contribute to sustainable growth, and why is this a significant event for Lithuania? Sustainable wood products for construction, or […]
Glassbel Baltic, an architectural glass manufacturer operating in the Klaipėda Free Economic Zone (FEZ), has entered into a strategic partnership with Halio, a designer of the world’s fastest, most beautiful, eco-friendly, and technologically advanced architectural smart glass. This cooperation will allow the Klaipėda-based company to implement Halio’s solutions with light transmittance management systems in its […]
Incredible results of the Akmene Free Economic Zone! In 2021 the total turnover of companies operating in the Akmene FEZ amounted to 62.1 mln. EUR or 57% more than in 2021. The number of employees increased from 230 to 280, investors paid more than 2.2 mln. EUR taxes. During this period, the export of investors increased to 18.8 mln., 71%. Lina […]