Marijampolė Free Economic Zone

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Marijampolė Free Economic Zone (Baltic FEZ)
Marijampolės laisvosios ekonominės zonos valdymo bendrovė, UAB
Industry Tax free zone. Industry focus: science, forestry, metals, food processing, value added logistics and others.
Founded 2013, Lithuania
Headquarters J. Jasinskio g. 10, Vilnius, Lithuania
Key people
 Simonas Petrulis
Website www.balticfez.lt

Marijampolė Free Economic Zone or Baltic FEZ [1] (Lithuanian : Marijampolės laisvoji ekonominė zona) is a special economic zone located in Marijampolė, Lithuania. It has 77.73 ha area, [2] which was established in 2011 December 23 [3] near European route E67 and Rail Baltica. The zone was established for 49 years [4] , specialize in four industries: Science, Forestry, Metalworking and Food processing [5] , and directs marketing to Scandinavian countries [6] .

Lithuanian language language spoken in Lithuania

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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 increased 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.

Marijampolė City in Suvalkija, Lithuania

Marijampolė is an industrial city and the capital of the Marijampolė County in the south of Lithuania, bordering Poland and Russian Kaliningrad Oblast, and Lake Vištytis. The population of Marijampolė is 48,700 (2003). It is the Lithuanian center of the Suvalkija region.

Contents

Infrastructure

Marijampolė FEZ has 15 industrial type plots from which some are dedicated for medium-level pollution businesses. Using European Regional Development Funds every plot was developed with essential infrastructure: electricity, water, drainage, C and D class roads, lighting and gas pipelines as needed [7] . There is also a planned connection to Rail Baltica [8] .

European Regional Development Fund Fund allocated by the European Union to transfer money from richer regions (not countries), and invest it in the infrastructure and services of underdeveloped regions

The European Regional Development Fund (ERDF) is a fund allocated by the European Union. Its purpose is to transfer money from richer regions, and invest it in the infrastructure and services of underdeveloped regions. This will allow those regions to start attracting private sector investments, and create jobs on their own.

Rail Baltica

Rail Baltica is a greenfield railway infrastructure project to link Finland, Estonia, Latvia, Lithuania and Poland with a European standard gauge rail line, providing passenger and freight service between the countries and improving rail connections between Central and Northern Europe as well as acting as a catalyst for building the economic corridor in the Northeastern Europe. It envisages a continuous rail link from Tallinn (Estonia), to Warsaw (Poland), via Riga (Latvia) and Kaunas (Lithuania) with the link to Vilnius (Lithuania). Rail Baltica is one of the priority projects of the European Union: Trans-European Transport Networks (TEN-T).

Companies

In 2018 Danish manufacturer Dovista [9] plans to invest over €100 million over the next ten years [10] to open new manufacturing line in Baltic FEZ. In 2018 May there was 20 ha of unoccupied industrial plots left [11] . It is planned to expand FEZ territory as by Marijampolė region development strategy and international investors suggestions [12] .

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References

  1. ↑ “Baltic FEZ” – new brand of Marijampolė free economic zone
  2. ↑ Įkurtos penkios naujos laisvosios ekonominės zonos
  3. ↑ Marijampolės pramoniniame parke – laisvoji ekonominė zona
  4. ↑ Lietuvos respublikos marijampolės laisvosios ekonominės zonos įstatymas
  5. ↑ Marijampolės regiono plėtros taryba pritarė siūlymams dėl marijampolės regiono specializacijos
  6. ↑ Laisvosios ekonominės zonos – valstybės ekonominio gyvybingumo barometras
  7. ↑ Baltic FEZ about Marijampolė
  8. ↑ Marijampolės LEZ naujakurių lauks jau po pusantrų metų
  9. ↑ „Dovista“: pirmasis langas Marijampolės LEZ bus pagamintas rugpjūčio 17-ąją
  10. ↑ Kas temdo investicijų pavasario džiaugsmą
  11. ↑ LEZ plėtra Lietuvoje: ar tai jau galime vadinti sėkme?
  12. ↑ Marijampolės LEZ naujakurių lauks jau po pusantrų metų

Coordinates: 54°34′47.473″N23°24′1.113″E / 54.57985361°N 23.40030917°E / 54.57985361; 23.40030917

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