Rezekne SEZ enterprises successfully completed 2018

  blog/Rezekne SEZ enterprises successfully completed 2018

Rezekne SEZ enterprises successfully completed 2018

January 18, 2019

In 2018, the turnover of Rēzekne Special Economic Zone (SEZ) enterprises exceeded EUR 100 million, according to provisional data of performance indicators. Other performance indicators of Rēzekne SEZ enterprises have also significantly improved.

Two thirds of commercial companies have positive changes in turnover. Last year has been successful for most of the enterprises of Rēzekne SEZ. The biggest increase in the turnover is observed in wood processing enterprise VEREMS, which has increased by more than 5 million euros last year, reaching 38 million euros.

In 2018, Rēzekne SEZ enterprises have created 43 new job places. The largest employers in Rēzekne are still VEREMS RSEZ Ltd., LEAX Rēzekne Ltd. RSEZ and RSEZ MAGISTR- FISKEVEGN GROUP.MFG Ltd. Moreover, metalworking enterprise "LEAX Rēzekne" RSEZ has increased the number of job places by 20% compared to 2017.

Rēzekne SEZ enterprises continue to make long-term investments into the development of modern technologies and infrastructure, investing EUR 10 million euros last year.

It should be noted that at the end of 2018, 14 investment projects of Rēzekne SEZ enterprises were completed, which were implemented during the period 2014- 2018. The total investment amount was 44 million euros. Furthermore, the implementation of 4 new investment projects was started last year, with the total investments up to 50 million euros by 2022.

Between the new project applicants there is also a company RSEZ SIA FLORAPLANET, which has acquired the status of Rēzekne SEZ enterprise in 2018. The company provides an electronic trading platform for agricultural plant manufacturers. The site is still in the process of development, but flowers and plants from many European suppliers are already available to Russian consumers.