Rēzekne Special Economic Zone enterprises launched four new investment projects in 2018

  blog/Rēzekne Special Economic Zone enterprises launched four new investment projects in 2018

Rēzekne Special Economic Zone enterprises launched four new investment projects in 2018

June 10, 2019

Rēzekne Special Economic Zone (SEZ) enterprises launched 4 new investment projects in 2018. It is planned to invest 51.3 million euro and create 73 new work places within the framework of the projects. Moreover Rēzekne SEZ enterprises invested 9.4 million euro in infrastructure and modern technologies and created 48 new work places in 2018.

Turnover of Rēzekne SEZ enterprises reached 105 million euro in 2018. Rēzekne SEZ enterprises with the largest turnover were birch plywood mill VEREMS RSEZ SIA. - 37.4 million euro, pellet producer NewFuels RSEZ SIA - 28.6 million euro and metalworking company SIA "LEAX Rēzekne" RSEZ - 19.9 million euro. Meanwhile, enterprises with the most rapid increase of the turnover in 2018 were enterprises - NORDKOM RSEZ SIA – (73.5%) and SIA RSEZ DFD (31.0%), besides increase in turnover was observed in almost all commercial companies of Rēzekne SEZ.

The total amount of long-term investment accumulated by Rēzekne SEZ commercial companies reached 151.8 million euro by the end of 2018, incl. 9.4 million euro infrastructure and modern technologies investments in 2018. The biggest long-term investments in 2018 were made in enterprises - NewFuels RSEZ SIA (3.57 million euro), SIA LEAX Rēzekne RSEZ (3.14 million euro) and VEREMS RSEZ SIA (1.97 million euro).

It should be noted that 14 Rēzekne SEZ enterprises completed infrastructure and technology development projects at the end of 2018. The projects were implemented during the period 2014 – 2018. As a result of projects long-term investments of 50.4 million euro were made and 175 work places were created. In addition, 4 new investment projects were launched last year. It is planned to invest up to 51.3 million euro and create 73 new work places by 2022.

CEO of Rēzekne SEZ Ms Sandra Ežmale emphasizes: “We are glad that Rēzekne SEZ enterprises started new investment projects in production expansion and the introduction of modern technology in 2018. This shows that enterprises positively assess the business environment in Rēzekne special economic zone." 

Among the new project applicants there is also a company RSEZ SIA FLORAPLANET, which acquired the status of Rēzekne SEZ enterprise in 2018. The company provides an electronic trading platform for agricultural plant manufacturers. 

Companies of Rēzekne SEZ employed 947 workers in 2018, which is 48 employees more than in 2017. The number of employees in Rēzekne SEZ enterprises has increased by 18.4% or by 175 employees over the last five years. The largest employer with 343 employees still is the company VEREMS RSEZ SIA. While, the largest increase in work places in 2018 was in the company SIA LEAX Rēzekne RSEZ. 36 new jobs were created as the company expanded its production facility, employing 224 employees in total at the end of 2018.