‘Enjoy the moment’, announces Panevėžys, inviting you to a three-day celebration. A city that combines industry and art, an investing and expanding regional centre, today starts celebrating its 518th birthday.

The Lithuanian Business Support Agency (LBSA) congratulates the city whose changes may surprise those who have not been here for a long period. Projects worth more than EUR 82 million have been or are being implemented here under the LBSA contracts.

According to Arūnas Burinas, Deputy Director of the Investment Management Service of the Lithuanian Business Support Agency, the rapid pace of investment both in the city and in the region confirms that Panevėžys is able to keep its promises, despite the recent pandemic years that have disrupted business plans.

‘Even after winning tenders for EU-funded projects, it is not always easy for companies to implement them. That is why it is great to see the efforts of Panevėžys reflected in gratifying figures,’ Burinskas praises Panevėžys as it celebrates its birthday.

Millions for investment

Funding for projects in Panevėžys accounts for the largest share of EU investment in projects across the region financed by the agency. The city’s 99 projects received EUR 36 million in funding from the instruments administered by the LBSA, while the region’s 172 projects accounted for just over EUR 84 million in EU investment.

Together with the LBSA, 59 projects have been completed in Panevėžys with almost EUR 20 million granted, and 40 projects are in progress with EUR 16 million in funding.

EUR 15.2 million was allocated to 26 energy projects implemented or ongoing in the city in the 2014–2020 period under contracts signed with LBSA. The main contractor, AB Panevėžio energija, was granted over EUR 11 million of EU investment to modernise heat networks, reconstruct boiler houses and promote the use of biofuels for heat production.
The city also takes care of a safer environment by modernising street lighting – EUR 2 million of EU investment has been allocated for this purpose under the contract concluded between the Panevėžys City Administration and LBSA.

In Panevėžys, almost EUR 20 million has been allocated to 66 business projects implemented or still being implemented in cooperation with the LBSA, almost EUR 723,000 to six research and experimental development (R&D) projects and EUR 96,500 of EU investments to one tourism project.

Examples of success stories include UAB Burbuliukas ir Co, UAB Platinum Horse, UAB IOCO Packaging, UAB DT Artelė and dozens of other Panevėžys companies.

Born between rivers

The founding day of Panevėžys is 7 September. The oldest known document mentioning the city is the letter of the Grand Duke of Lithuania and the King of Poland, Alexander, dated 7 September 1503 whereby the Grand Duke gifted the land between the rivers Lėvuo and Nevėžis to the priest of Ramygala, on condition that a church would be built in the area to combat the paganism that was still strong in the region.

A wooden church and a rectory were built on the gifted land on the right bank of Nevėžis. There was a market square in front of the church. The name of Old Panevėžys stuck to this settlement.

In 1994, Panevėžys City Council unanimously decided to declare 7 September as Panevėžys City Day and celebrate it annually.


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