On August 10th, Lithuanian company that develops and manufactures Dancer electric buses at Klaipeda FEZ, Vejo Projektai, and the largest manufacturer of passenger and cargo vehicles operating in Taiwan Tangeng Advanced Vehicles Co (TAV), signed a Memorandum of Understanding. The signing of the document took place during the Lithuanian delegation’s visit to Taiwan. From the […]
Although the business associations of Lithuania, like those of every other country, are functioning in an uncertain geopolitical situation, the Free Economic Zones have continued to show excellent results, attracting new investors and smoothly carrying out infrastructure development projects. Turnover of the companies managing the Free Economic Zones has not just returned to pre-pandemic levels, […]
Just over half a year ago, the Kaunas Free Economic Zone (FEZ) announced some good news – it had attracted one billion in investments, and today this figure has already grown by almost a fifth: a further €233 million in direct investments have been attracted and an additional 1,600 jobs created or are planned to […]
Last year, the 44 companies operating in the Klaipėda Free Economic Zone (FEZ) with investor status achieved a total turnover of €1.22 billion – 30% more than in 2020 or the same as in the record year 2018. This year’s outlook is still complicated by uncertainties over energy and raw material prices, the global economic […]
UAB Elinta Motors, which develops sustainable transport solutions – traction systems and modular batteries for commercial transport – has announced that it will move to new spacious premises. The company has acquired a 3,500 m2 production building with administrative premises at Kaunas Free Economic Zone, on Terminalo St. 5. According to Laurynas Jokužis, the director of […]
Marijampolė free economic zone (FEZ) is developing successfully and becoming increasingly attractive for potential investors. The FEZ management company is now offering a land plot almost 10 hectares in area, north of Lietuvos cukrus AB’s factory. This land plot has engineering networks and other infrastructure fully installed, and a railway track can be constructed to improve access […]
Industrial real estate developer Sirin Development UAB will build 63 000 square metres of warehouse facilities in the Kaunas FEZ. The planned investment in the project is 41 million euros. The company plans to do the construction work in several phases. In the first phase, it intends to build 20 000 sqm of warehousing on Jėgainės Street by the […]
The Klaipėda FEZ management company was awarded the main prize of the Klaipėda Industrialists Association (KPA) – “The Most Responsible KPA Company 2021”. The decision by KPA was mainly influenced by the Klaipėda FEZ community’s sustainability and environmental decisions, financial results, partnerships with the city communities, and various support projects. KPA, which brings together businesses […]
The Klaipėda Free Economic Zone Management Company has signed an agreement with UAB SVS on the lease of a plot of land at Pramonės g. 18 and investments in it. As a result, a smart warehousing service Smart Box will launch in the area by next year at the latest. The new investor plans to […]
By 2023, Arginta Engineering UAB intends to construct, in the Panevėžys free economic zone, a factory with up to 100 jobs in the first development stage and with up to 300 in the following few years. New jobs will be created for programmable machine operators, welders and production workers of other professions as well as […]