Panevėžys free economic zone (FEZ) is a

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, increas ...

located in

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 ...

, 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 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 land and the sale of developed land or parcels to othe ...

in Lithuania. It offers industrial, logistics and other companies fast and flexible set-up process, fully ready infrastructure and 0% tax incentives. Panevėžys Free Economic Zone - drone photo 1

Panevėžys Free Economic Zone - drone photo 1

Location

Panevėžys Free Economic Zone (FEZ) is located halfway between

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 urb ...

and Riga, the

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 ...

is 240 kilometers away and

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 airport ...

is 160 kilometers away. FEZ has connections with

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 Baltic ...

and is also located near the

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 Tunn ...

that is planned to be completed around 2024. In 2019 Panevėžys FEZ has finished a direct route connection via roundabout with the

highway Via Baltica that makes it more competitive for logistics operations and export-oriented industrial companies.

Investors

''Devold'' is Norwegian textile manufacturer, producing sports textiles and protective clothing. In summer of 2015 the factory was opened and it takes up more than 15.000 square meters and employs more than 300 workers. Devold has invested more than 13 million euros in Panevėžys FEZ. ''Spektrus EU'' is a Lithuanian advertising production service company that offers a full range of advertisement production services: visual outdoor and indoor advertising production, design, press and publishing, milling and other. The company employs more than 20 workers and has invested over 1 million euros into new production facilities. ''IMG Lithuania'' is a subsidiary company of IMG Group A/S (Norway) that produces comfort furniture mostly for Northern American and Australian markets. IMG Group is part of the largest Norwegian furniture producer Ekornes Group. In Panevezys Free Economic Zone the group is constructing a 17.000 square meters combined production and distribution centre for the European market. First stage investments will reach 10 million euros and at least 125 new jobs will be created.

Tax incentives

For clients, who invest at least 1 million euros into fixed assets (buildings, machinery, etc.), Panevėžys FEZ offers tax benefits:

Photo gallery

Panev%C4%97%C5%BEys_Free_Economic_Zone_-_drone_photo_2.jpg Panev%C4%97%C5%BEys_Free_Economic_Zone_-_drone_photo_3.jpg Panev%C4%97%C5%BEys_Free_Economic_Zone_-_drone_photo_5.jpg Panev%C4%97%C5%BEys_Free_Economic_Zone_-_drone_photo_6.jpg Panev%C4%97%C5%BEys_Free_Economic_Zone_-_drone_photo_4.jpg Panev%C4%97%C5%BEys_Free_Economic_Zone_-_drone_photo_10.jpg Panev%C4%97%C5%BEys_Free_Economic_Zone_-_drone_photo_9.jpg Panev%C4%97%C5%BEys_Free_Economic_Zone_-_drone_photo_8.jpg

References

{{DEFAULTSORT:Panevezys Free Economic Zone Free economic zones of Lithuania Economy of Panevėžys 2013 establishments in Lithuania