This territory is intended for economic-commercial and financial activities and has special economic and legal functioning conditions for economic entities established in law. A free economic zone (FEZ) in Panevėžys is a new place for business in a city known for its industry and specialists and situated in a strategically convenient location.

Panevėžys is a city interconnecting Europe’s East and West. FEZ is situated next to the Via Baltica highway that connects Warsaw and Tallinn and to the railroad that connects Moscow and Kaliningrad. A distance to Vilnius and Riga – 150 km; to the ice-free Klaipėda port – 240 km; to Šiauliai Airport – 80 km; to the city centre – 5 km. The multifunctional project Babilono Miestas intended to become a commercial city centre, which is being developed by FEZ managers, is also within easy reach – hardly a 3 minute drive.