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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, 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 — 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.

In order to enhance the production processes, attract investors and support the creation of new jobs, new buildings are being constructed in the industrial zone of the premises of the Freeport of Ventspils.

The Administration of the Freeport of Ventspils has signed agreement with SIA “Aquatoria V” for the acquisition of construction rights on the land plot in Ventspils, Talsu street 200. The company plans to build a new, modern fish compound feed production and processing plant in this territory.

On 5 September the management of the Embassy of the People's Republic of China in Latvia — Sun Yinglai, the Chargé d'affaires, Shen Xiaokai, the Economic and Commercial Counsellor, and Lu Junyan, the Commercial Attaché — visited Ventspils.

In 2018, the total volume of cargoes transhipped by the terminals working at the Freeport of Ventspils has exceeded 20 million tons for the second year in a row. Indicators of the aforementioned year represent 1% over the volume of 2017 and 8% over the volume of 2016.

Next year will commence in the Freeport of Ventspils with the all-time most extensive renovation of the port’s largest hydrostructure – Northern Pier, which is planned to last for nearly two years and which will be executed by the JSC (AS) BMGS.

For the purpose of partial compensation for the costs caused by the inflation, the Board of the Freeport of Ventspils has decided to increase on average by 8% port fees and service fees at the Port of Ventspils. Even after the changes to become effective as of 1 January 2019, fees of the Port of Ventspils will still be the lowest on the eastern shore of the Baltic Sea, thus providing the most competitive conditions for the private companies for operation at the Port of Ventspils.