From 2024, national and foreign defence companies are allowed to set up in Lithuanian Free Economic Zones. On May 23, 2023, Lithuanian Parliament lifted a ban on those commercial activities in Free Economic Zones (FEZ) that are related to national security and defence, as well as to manufacture, storage and sale of weapons, ammunition, and explosives. […]
The latest manufacturing sector report by Invest Lithuania states that even in the face of turbulent global markets in 2022, Lithuania continued to gather recognition for its performance in attracting FDI. Last year, Lithuania was rated 1st in the EU for FDI based on Greenfield FDI performance index, the country retained its 3rd place in […]
Important news at Kaunas Free Economic Zone! “Biokona”, a leading manufacturer of biogas plants and related technologies, is building a new manufacturing unit of 1,500 square meters on a 0.6 ha land plot. The new unit will focus on the production of modular equipment and metalworking. “SIRIN Development”, a real estate development and management company, has begun the first phase […]
Norwegian company Plus Windows completes the construction of an extension in the Šiauliai Free Economic Zone. It will be an aluminium products department. This expansion will allow the company to increase its capacity, better manage inventories, create new jobs and meet growing consumer needs. This year’s turnover is targeted of €9.2 million, as sales in the aluminium sector are […]
On February 23 a symbolic time capsule was buried in the foundations of the PonBike factory building at Kedainiai Free Economic zone. “The confidence shown by Pon.Bike in Lithuania and Kėdainiai FEZ in particular is an important indicator for businesses that are still considering potential locations for their investments. If Pon.Bike trusted us, you can trust us too”, says Giedrius Valuckas, […]
Albright Lietuva UAB, a British-owned manufacturer of electrical switches operating in the Klaipeda FEZ, has completed a EUR 1.5 million expansion project in the specialised production building FlexStart 2. The company has moved its entire soldering activities for electrical contacts to the new premises and established a new stamping department. Albright Lietuva, which has been […]
Starting with only three employees a decade ago, today Esco Medical Technologies has more than 70 employees and is actively looking for new ones. Spaces for its expanding ambitions and growing team are being built on a plot rented in the Kaunas Free Economic Zone (FEZ). The plan is a medical equipment plant, with approximately […]
When we talk about businesses that move to free economic zones, we imagine large greenfield investments and spacious production or logistics buildings, but in reality, the advantages of the FEZ are increasingly appreciated by the companies that do not require a large space for their operations. As the example of Kaunas FEZ shows, the choice […]
New investment is coming to the Marijampolė Free Economic Zone (FEZ): a factory will be built, producing high added-value nutritional proteins. The project should be announced soon, and the year-long construction is expected to start in spring 2023. It is planned to build a factory with up to 100 employees, most of them highly qualified […]
Finnish leader in interior construction Maler Oy comes to Kedainiai Free Economic Zone! Maler Oy’s investment in Kėdainiai shows that Lithuania’s regions are great sites for smart, highly-automated production. “Finding the best combination of conditions according to the set criteria was the main reason why we chose Lithuania. We must also acknowledge the contribution of “Invest Lithuania”, whose […]