Ferry company Stena Line has today announced an expansion and strengthening of their operations across the Baltic Sea region. Next year the current vessels on the Nyn√§shamn-Ventspils route will be replaced with two modern and lengthened RoPax ferries Stena Lagan and Stena Mersey, which will add further 30 per cent freight capacity. The new ferries will also offer an attractive alternative way to travel on the Baltic Sea.
FDI Intelligence includes the Freeport of Ventspils in the top ten most promising free economic zone in the world
FDI Intelligence, part of the Financial Times Group, has published the ‚ÄúFree Economic Zones 2020‚ÄĚ study. The Freeport of Ventspils is included in the top ten most promising free economic zone in the world, received the second best rating in the European region, named the best business development place for large tenants in Europe, received recognition for specialization in IT, as well as a special award for smart development strategies.
Construction of three new production buildings continues in the industrial territory of the Freeport of Ventspils. New factories will be able to start work in them already in autumn of this year. Lease agreements have already been concluded on usage of two of the buildings but it is still possible to apply for lease of the third production unit with the area of 6300 square metres.
In the evening of 18 December 2019, US Office of Foreign Asset Control has announced cancellation of sanctions against Ventspils Freeport and Ventspils Freeport Authority. Thus, currently there are no obstacles for Ventspils Freeport Authority, Ventpils Freeport and companies operating at the port to continue their work unhindered.
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.
On 22 November 2019 in Ventspils at the newest construction site within the industrial area of the airport at Ganńębu Street 103, a time capsule was walled into the foundation of the future production building during a festive ceremony. A contract has been entered into on the lease of the building with the company Ultraplast EU, which will be able to start work in only one year in Ventspils.
Bio-Venta - the biggest biodiesel production and tranship company in the Baltics and the only company of such type in Latvia, has been operating in the Freeport of Ventspils for already 15 years and for 10 years since the initiation of biodiesel production.
FDI Intelligence names the Freeport of Ventspils the best global location for business development for large tenants
FDI Intelligence, a member of the Financial Times Group, has published the study Global Free Zones of the Year 2019. The Freeport of Ventspils has been named as the best global location for business development for large tenants and as the second best location for business development of small and medium-sized enterprises in Europe. The Freeport of Ventspils has also been granted with special awards ‚ÄĒ for export boosting, cluster development, crossborder collaboration, production expansion, infrastructure upgrades and start-up support.
The message capsule immured in the foundation of the Ventspils High Technology Park building No. 7 has information about the industrial development of Ventspils city and the future production building. It is one of the three production buildings that are being built this year at the Freeport of Ventspils.
By representing one of the most active commercial ports in Europe, the Freeport of Ventspils Authority in collaboration with the Ventspils High Technology Park (VHTP) has engaged in the Baltic Loop project.