WHY VENTSPILS
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FACTS AND FIGURES ABOUT VENTSPILS The City was founded in 1290
Area - 58 km2 (including 38% forests, parks and water bodies) Population ~ 38 thousand Distance to Riga ~ 190 km Length of cycling paths ~ 70 km Length of the sea coast ~ 12 km Ventspils ice-free port is one of the leading deep-water. Ports of the EU on the East coast of the Baltic Sea, in one of the busiest regions in Europe. Rapidly growing industry and tech hub with production. output of the manufacturing industry 390 million EUR in 2022. Janis Vitolins, Chairman of Ventspils City Council: Ventspils develops a new national level industrial park aimed to service and boost the uprising green economy in the region. The presence of renewable energy, dedicated areas in Ventspils Industrial Park and the port with already existing terminals capable of handling e-fuels, including green ammonia, makes Ventspils a natural location for development of Power-to-X and hydrogen economy.
Ventspils offers to join an existing industrial cluster with more than 500 ha customized territories for industrial production equipped with high-quality and high-capacity utilities and infrastructure available for industrial development. Since 2002, when the city took a strategic decision to adopt an industrialization policy aimed at supporting transition from a port-based economy to a multi-sectoral economy, manufacturing sector and its output has grown significantly. Municipality supports investors by providing utilities and public infrastructure necessary for production properties.
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industrial areas
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Ventspils Municipality together with the Freeport of Ventspils Authority have designated several industrial areas, shaping them by type of activity thus creating industrial and technology clusters. Altogether there are more than 500 ha available for development with land lot sizes varying from 1 to 50 ha. Land lots are connected to base utilities like water, sewer, electricity, IT infrastructure and in some locations to the municipal heating system. |
INDUSTRIAL PARK
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Ventspils Industrial Park is a national level project aimed to service and boost the uprising green economy in the region.
The sunny and windy region of Ventspils already has been chosen by a number of international solar and wind energy producers, and offshore wind farms are on its way. The presence of renewable energy, the dedicated areas in Ventspils Industrial Park and the port with already existing terminals that are capable of handling e-fuels, including green ammonia, makes Ventspils a natural location for development of Power-to-X and hydrogen economy. |
premises for production
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Ventspils considers needs of each investor carefully and makes effort to provide rental properties for production. Investor can decide to rent an industrial area and construct one’s own premises, negotiate with the municipality to provide tailor-made premises, or use that are available for rent at once.
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infrastructure for industry
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Ventspils municipality has been constantly improving infrastructure of the city for the past three decades, making sure that both businesses and inhabitants have a convenient and well-arranged city infrastructure at their disposal. The industrial zones and the whole city is equipped with powerful high-quality utilities that can be adjusted to the ideas of investors.
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connectivity
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Ventspils is an excellent choice, as regards transport infrastructure and connectivity to EU core network. Powerful deep-water and ice-free port, location in the East-West transit connection and the TEN-T transport network provides opportunities for modern and efficient logistics and all types of transport.
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special economic zone benefits
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Ventspils special economic zone offers considerable tax benefits in the form of investment compensation instrument. In accordance with the law Application of Taxes in Freeports and Special Economic Zones and EU regulations, licensed companies are entitled to apply considerable direct and indirect tax incentives.
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build a hotel
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Ventspils is among top tourism destinations both in Latvia and the Baltics. With the growing numbers of tourists staying in Ventspils, various hotels and guest houses have been established in Ventspils. Municipality has defined several potential locations of a SPA wellness hotel in the city and is looking for investors in this area.
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