Treasury Removes Sanctions on Latvia‚Äôs Ventspils Freeport Authority
Today, the Department of the Treasury‚Äôs Office of Foreign Assets Control (OFAC) removed sanctions imposed on the Ventspils Freeport Authority, which was designated on December 9. Thus, currently there are no obstacles for Ventspils Freeport Authority, Ventpils Freeport and companies operating at the port to continue their work unhindered.
Being the deepest port on the Eastern coast of the Baltic Sea, we are able to serve the largest ships, which enter the Baltic Sea. All you need for business is available 24/7 at the Freeport of Ventspils: 12 cargo terminals of all types, 21 shipping agencies, regular ferry connections to Sweden, tug, bunkering and other services.
The status of Special Economic Zone, tax incentives, more than 700 hectares of free land available for industrial project development, integration into the TEN-T transport network, availability of skilled labor, the Freeport and the City Administration support are the basis for the establishment of new production facilities for the long-term growth in Ventspils.
Businesses currently in Freeport of Ventspils
Forta Prefab board member Ermins Sniedze:
‚Äď The decision of the factories creation in Ventspils has largely been taken considering such aspects as the existence of already prepared production space (prepared factory for modular building construction), the existence of the port and its own docks, also the availability of a skilled workforce, as well as the geographical location of Ventspils - the closeness to the potential markets in Scandinavia.
Sales manager of the ARBO Windows Vjańćeslavs Kolosovs:
‚Äď We have chosen Ventspils as our home. Wonderful infrastructure of the Ventspils city, a nearby port, ferry traffic, availability of labor, as well as support of the Ventspils Freeport and the provided offices for production make our work much easier.