Lithuanian Cabinet Approves Proposal for Visaginas Free Economic Zone

On 4 November, Lithuania’s Cabinet approved a proposal to establish a 224-hectare free economic zone in Visaginas, near the former Ignalina nuclear power plant. Government projections suggest the zone could attract up to €412 million in private investment and create as many as 4,000 jobs, while estimated state establishment costs are approximately €21 million. These figures are projections, not secured investments. The proposal now requires parliamentary consideration and could create opportunities in regional development, industrial investment and public-private cooperation. HPC can support feasibility studies, policy research and investment assessments.