In an effort to attract new investment, Visaginas, an eastern Lithuanian town where the shutdown Ignalina nuclear power plant is located, is considering setting up a free economic zone (FEZ) and is currently in talks with several new investors.
© DELFI / Andrius Ufartas

Visaginas Mayor Erlandas Galuguzas says finding a good site for a FEZ around the town is quite a challenge.

"We have started to talk about the creation of a FEZ but we have certain problems here," Galuguzas told BNS.

"The town and the municipality are unique in that they have little free land left, including for a FEZ development. Fitting it is a task that requires a lot of thought," he said.

The mayor said the municipal administration is considering offering additional incentives to businesses to attract more investments to the town.

"We are in talks with the EU's structures and the government on incentives not only to private individuals. If we managed to negotiate incentives to business structures, I think we would be competitive and attractive," he said.

Intersurgical, an international medical device producer that has a disposable respiratory care product factory in Prabrade, a town not far from Vilnius, is building a new production facility in Visaginas.

The new factory is expected to be launched next year, with plans to employ 200 people initially and increase the workforce up to 1,500 in the future.

The international medical device producer now has a disposable respiratory care product factory in Prabrade, a town not far from Vilnius.

Galuguzas says Visaginas is holding talks with more investors.

"We are in talks on the arrival of a new investor. Apart from Intersurgical, there are several more investors who are thinking (about investing in the town)," he told BNS.

Lithuania now has seven free economic zones: in Kaunas, Klaipeda, Siauliai, Kedainiai, Panevezys, Akmene and Marijampole.

BNS
Naujienų agentūros BNS informaciją skelbti, cituoti ar kitaip atgaminti visuomenės informavimo priemonėse bei interneto tinklalapiuose be raštiško UAB "BNS" sutikimo neleidžiama.

Baltic Prime ministers agree on need to speed up Rail Baltica project

The three Baltic prime ministers agreed in Riga on Wednesday on the need to accelerate the...

New flight from Vilnius to London Southend introduced

Ryanair announced a new Vilnius route to London Southend , with a three times weekly service...

Parliament overturn presidential veto on forest land purchase cap

The Lithuanian parliament on Thursday did not back Gitanas Nauseda's proposal to discard a bill...

Post-independence leader asks Amazon to stop sale of Soviet-themed goods

Lithuania's first post-independence leader Vytautas Landsbergis on Thursday called on the US...

Vilnius court to rule on Russian oil contamination suspect's appeal against arrest

The Vilnius Regional Court is expected to rule on Thursday on an appeal by Roman Ruzhechko , a...