Panevėžys Free Economic Zone
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Panevėžys Free Economic Zone
Panevėžys free economic zone (FEZ) is a special economic zone located in Panevėžys, Lithuania. It is a 47 hectares industrial area and was established in 2013. Panevėžys FEZ is part of Ogmios group, which is a leading real estate developer in Lithuania. It offers industrial, logistics and other companies fast and flexible set-up process, fully ready infrastructure and 0% tax incentives. Location Panevėžys Free Economic Zone (FEZ) is located halfway between Vilnius and Riga, the port of Klaipėda is 240 kilometers away and Šiauliai International Airport is 160 kilometers away. FEZ has connections with European route E67 and is also located near the Rail Baltica that is planned to be completed around 2024. In 2019 Panevėžys FEZ has finished a direct route connection via roundabout with the European route E67 European route E 67 is an E-road running from Prague in the Czech Republic to Estonia and by ferry to Finland. It goes via Prague, Wrocław, ...
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List Of Legal Entity Types By Country
A business entity is an entity that is formed and administered as per corporate law in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a service. There are many types of business entities defined in the legal systems of various countries. These include corporations, cooperatives, partnerships, sole traders, limited liability companies and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province. Some of these types are listed below, by country. For guidance, approximate equivalents in the company law of English-speaking countries are given in most cases, for example: *private company limited by shares or Ltd. (UK, Ireland and the Commonwealth) *public limited company (UK, Ireland and the Commonwealth) *limited partnership *general partnership *chartered company *statutory corporation *state-owned enterprise *holding ...
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Special Economic Zone
A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing trade balance, employment, increased investment, job creation and effective administration. To encourage businesses to set up in the zone, financial policies are introduced. These policies typically encompass investing, taxation, trading, quotas, customs and labour regulations. Additionally, companies may be offered tax holidays, where upon establishing themselves in a zone, they are granted a period of lower taxation. The creation of special economic zones by the host country may be motivated by the desire to attract foreign direct investment (FDI). The benefits a company gains by being in a special economic zone may mean that it can produce and trade goods at a lower price, aimed at being globally competitive. In some countries, the zones have been criticized for being l ...
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Panevėžys
Panevėžys (; Latin: ''Panevezen''; pl, Poniewież; yi, פּאָנעװעזש, ''Ponevezh''; see also other names) is the fifth largest city in Lithuania. As of 2011, it occupied with 113,653 inhabitants. As defined by Eurostat, the population of Panevėžys functional urban area, that stretches beyond the city limits, is estimated at 127,471 (as of 2017) The largest multifunctional arena in Panevėžys, Cido Arena, hosted the Eurobasket 2011 group matches. The city is still widely known, if indirectly, in the Jewish world, for the eponymous Ponevezh Yeshiva. Coat of arms Historical facts allow to state that the first seal of the city of Panevėžys appeared when the city self-government was established. It is clear that until the end of the 18th century, Panevėžys did not have the right of self-government, therefore it could not had its coat of arms. All the preconditions for the establishment of self-government arose during the period of the Four-year Seimas (1788–1 ...
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Lithuania
Lithuania (; lt, Lietuva ), officially the Republic of Lithuania ( lt, Lietuvos Respublika, links=no ), is a country in the Baltic region of Europe. It is one of three Baltic states and lies on the eastern shore of the Baltic Sea. Lithuania shares land borders with Latvia to the north, Belarus to the east and south, Poland to the south, and Russia to the southwest. It has a Maritime boundary, maritime border with Sweden to the west on the Baltic Sea. Lithuania covers an area of , with a population of 2.8 million. Its capital and largest city is Vilnius; other major cities are Kaunas and Klaipėda. Lithuanians belong to the ethno-linguistic group of the Balts and speak Lithuanian language, Lithuanian, one of only a few living Baltic languages. For millennia the southeastern shores of the Baltic Sea were inhabited by various Balts, Baltic tribes. In the 1230s, Lithuanian lands were united by Mindaugas, Monarchy of Lithuania, becoming king and founding the Kingdom of Lithuania ...
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Real Estate Development
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw Real Estate, land and the sale of developed land or parcels to others. Real estate developers are the people and companies who coordinate all of these activities, converting ideas from paper to real property. Real estate development is different from construction or Home construction, housebuilding, although many developers also manage the construction process or engage in housebuilding. Developers buy land, finance real estate deals, build or have builders build projects, develop projects in joint venture, create, imagine, control, and orchestrate the process of development from the beginning to end.New York Times, March 16, 1963, "Personality Boom is Loud for Louis Lesser" Developers usually take the greatest risk in the creation or renovation of real estate and receive the greatest rewards. Typ ...
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Panevėžys Free Economic Zone - Drone Photo 1
Panevėžys (; Latin: ''Panevezen''; pl, Poniewież; yi, פּאָנעװעזש, ''Ponevezh''; see also other names) is the fifth largest city in Lithuania. As of 2011, it occupied with 113,653 inhabitants. As defined by Eurostat, the population of Panevėžys functional urban area, that stretches beyond the city limits, is estimated at 127,471 (as of 2017) The largest multifunctional arena in Panevėžys, Cido Arena, hosted the Eurobasket 2011 group matches. The city is still widely known, if indirectly, in the Jewish world, for the eponymous Ponevezh Yeshiva. Coat of arms Historical facts allow to state that the first seal of the city of Panevėžys appeared when the city self-government was established. It is clear that until the end of the 18th century, Panevėžys did not have the right of self-government, therefore it could not had its coat of arms. All the preconditions for the establishment of self-government arose during the period of the Four-year Seimas (1788 ...
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Vilnius
Vilnius ( , ; see also other names) is the capital and largest city of Lithuania, with a population of 592,389 (according to the state register) or 625,107 (according to the municipality of Vilnius). The population of Vilnius's functional urban area, which stretches beyond the city limits, is estimated at 718,507 (as of 2020), while according to the Vilnius territorial health insurance fund, there were 753,875 permanent inhabitants as of November 2022 in Vilnius city and Vilnius district municipalities combined. Vilnius is situated in southeastern Lithuania and is the second-largest city in the Baltic states, but according to the Bank of Latvia is expected to become the largest before 2025. It is the seat of Lithuania's national government and the Vilnius District Municipality. Vilnius is known for the architecture in its Old Town, declared a UNESCO World Heritage Site in 1994. The city was noted for its multicultural population already in the time of the Polish–Lithuanian ...
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Riga
Riga (; lv, Rīga , liv, Rīgõ) is the capital and largest city of Latvia and is home to 605,802 inhabitants which is a third of Latvia's population. The city lies on the Gulf of Riga at the mouth of the Daugava river where it meets the Baltic Sea. Riga's territory covers and lies above sea level, on a flat and sandy plain. Riga was founded in 1201 and is a former Hanseatic League member. Riga's historical centre is a UNESCO World Heritage Site, noted for its Art Nouveau/Jugendstil architecture and 19th century wooden architecture. Riga was the European Capital of Culture in 2014, along with Umeå in Sweden. Riga hosted the 2006 NATO Summit, the Eurovision Song Contest 2003, the 2006 IIHF Men's World Ice Hockey Championships, 2013 World Women's Curling Championship and the 2021 IIHF World Championship. It is home to the European Union's office of European Regulators for Electronic Communications (BEREC). In 2017, it was named the European Region of Gastronomy. I ...
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Port Of Klaipėda
The Port of Klaipėda is a seaport located in Klaipėda, Lithuania. It is one of the few ice-free ports in northernmost Europe, and the second largest European Union port by tonnage in the Baltic. It serves as a port of call for cruise ships as well as freight transport. Regular passenger ferry lines connect to Kiel, Karlshamn, Copenhagen and other European cities. History The city of Klaipėda has been involved in maritime trade as early as the 13th century, and probably during prehistoric times, since it is located on the Amber Road. For several centuries its administration and its merchants defended the port and competed with the Port of Danzig and the Port of Königsberg. It was heavily fortified. At the beginning of the 20th century the port was transferred to the jurisdiction of the Ministry of Transport of the Republic of Lithuania. Before World War I, the major cargo was timber. During the 20th century, mineral and cellulose enterprises were established in Lithuania, and ...
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Šiauliai International Airport
Šiauliai International Airport (also known as Zokniai Airport, lt, Zoknių oro uostas) is located southeast of the city of Šiauliai, in northern Lithuania. It covers an area of . History The airport was one of the largest military airports in the former Soviet Union. In 1955 it was only one of six Soviet bases capable of handling the new Myasishchev M-4 bomber. The Tupolev Tu-126 was based here between the 1960s and 1970s. It was home to the 53 APIB (53rd Fighter-Bomber Aviation Regiment) flying MiG-23 aircraft with the ML, MLD, and UB variants and the MiG-27. It was also home to the 18th Guards Military Transport Aviation Division, and the 196 VTAP (196th Military Transport Aviation Regiment) flying Il-76 aircraft. It was a base of the 117 OAP (117th Independent Aviation Regiment) flying An-12PPS aircraft. The last Soviet troops based here left in 1993. Baltic air policing Šiauliai is home to the NATO Baltic Air Policing The Baltic air-policing mission is a NATO a ...
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European Route E67
European route E 67 is an E-road running from Prague in the Czech Republic to Estonia and by ferry to Finland. It goes via Prague, Wrocław, Warsaw, Kaunas, Panevėžys, Riga, Tallinn, Helsinki. The route is known as the Via Baltica between Warsaw and Tallinn, a distance of . It is a significant road connection between the Baltic states and Poland. The route is mostly ordinary road, but there are plans to convert it into a motorway or expressway, in Poland called S8 (326 of 379 km completed ) and S61 (178,6 of 235 km completed ). Along the Via Baltica highway, the stretch of European route E67 between Warsaw and Tallinn, a 5G mobile network will be built in order to facilitate self-driving vehicles and expand opportunities for freight carriers. Environmental concerns The Via Baltica attracted great controversy in 2007, as its planned new express road was to take it through several areas in Poland of great natural value. Most controversial was the ...
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Rail Baltica
Rail Baltica (also known as Rail Baltic in Estonia) is a high-speed railway under construction between Warsaw, Poland and Tallinn, Estonia, with further connections to Finland via Baltic Sea cruiseferries or the proposed Helsinki–Tallinn Tunnel. Trains will operate at top speeds of 234 km/hour. Travel time between Vilnius and Tallinn is projected to be 3.5 hours and travel times between Riga and either Vilnius or Tallinn will be under 2 hours. It is projected to shift travel and transportation from roads to rail and have numerous benefits on economies and quality of life. Trains are predicted to begin operating on various sections of the route at various times between 2026 and 2030. Passenger stations will include Ülemiste railway station in Tallinn, Pärnu railway station, Riga Central Station, Riga Airport, Panevežys, Kaunas railway station, and Vilnius railway station and there will be multimodal transport freight terminals in Muuga Harbour, Estonia; Salaspils, Latvia; a ...
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