Construction company AB Panevežio Statybos Trestas has signed a contract with UAB Devold regarding new textile factory construction in Panevėžys, northern Lithuania, according to a statement by the company.
Panevėžio statybos trestas, PST
© A.Didžgalvio nuotr.

The project cost is estimated at LTL 39 million (EUR 11.3 million) and is expected to be implemented over 12 months.

The new factory, which will be equipped with modern geothermal heating system, will be located in Panevėžys Free Economic Zone. The total area is about 16,000 square metres.

It is forbidden to copy the text of this publication without a written permission from ELTA.

Lithuania to step up visa issuance for foreign startups

Lithuania will start issuing visas to businessmen establishing startups in the country faster as of...

Lithuania's aviation group buying UK's charter airline

Avia Solutions Group , an aviation group owned by Lithuanian businessman Gediminas Ziemelis , is...

Training center to replace old correctional facility in Vilnius

The demolition of an unused complex of buildings that used to house a correctional facility will...

120 million EUR will be provided for European beekeepers

The European Commission will provide €120 million to the EU's beekeeping sector over the next...

Court: Lithuanian companies don’t have to pay million-worth fine to Serbia

Arvi , a Lithuanian fertilizer, fodder, sugar and turkey meat production group owned by businessman...