Plans are coordinated with the Lithuanian government to set up a free economic zone (FEZ) next to Vilnius, Mayor Remigijus Šimašius says.
Kaunas FEZ
© Bendrovės archyvas

FEZ would be established in Pagiriai, in central part of the city that currently accommodates the Vilnius Logistics Park and an intermodal terminal.

The idea was discussed by the mayor and Prime Minister Saulius Skvernelis on Wednesday.

"We discussed the possibility of building factories around Vilnius – an industrial park or a free economic zone project. We agreed to have a meeting with the Vilnius district municipality and the government. We decided that the best location would be in Pagiriai where a logistics park is planned, we are searching for ways to make it suitable for production," Šimašius told BNS after the meeting.

In the prime minister's opinion, it is important to assess the benefits of an industrial zone in the city or the district for boosting the country's competition, adviser Tomas Beržinskas said.

Šimašius assured that efforts had been made for years to “drive investments out of Vilnius” to other municipalities, which kept investors from coming to Lithuania.

Together with the state-run railway company Lietuvos Geležinkeliai (Lithuanian Railways), the Vilnius municipality runs a 31-million-euro 460-hectare logistics park being developed around a 36.7-million-euro Vilnius intermodal terminal opened in 2015.

Residents to be offered EUR 1,000 for less polluting cars

Lithuanian residents will be able to ask for 1,000 euros in compensation when changing their old...

Biggest land owners in Lithuania named

Ramunas Karbauskis , leader of the ruling Lithuanian Farmers and Greens Union, businessman Darius...

Representatives of ruling party propose taxing large retailers

Representatives of the ruling Lithuanian Farmers and Greens Union have proposed introducing a new...

Vilnius-Kaunas road to be transformed into highway (1)

The Vilnius-Kaunas road is to be transformed into a highway , Lithuania's Road Administration said.

President puts forward amendments on faster pension increase

Lithuanian President Gitanas Nauseda is putting forwards amendments to three laws for the parliament's...