Investments in Palanga resort

Palanga is an international seacoast resort and home to active recreation and rehabilitation, oriented towards a wide range of entertainment services with a developed modern infrastructure. Around 900 thousand tourists visit Palanga annually.

In the first half of 2006, direct foreign investment amounted to 23.7 million Litas. Investment was most intensive in the areas of construction, real estate, and tenement. Currently, the implementation of large investment projects to be completed by 2009 has been started in Palanga.

In summer 2007, hotel "Vanagupe" is planning to open a new SPA health centre "Vanagupe" with a total area of 2,000 m2. A swimming pool with sea water, saunas, rooms for various massages, beauty salons, etc. will be available there.

In 2008, the company "Baltijos aktima" will be ready to build a unique health complex in Palanga resort where mineral water would be used for treatment purposes. In the area of ca. 80-ares, a multi-storey building should be built, which will accommodate a SPA complex, treatment rooms, rehabilitation centre, a hotel, restaurant and conference centres. It is planned to build and equip a swimming pool, bath complex as well as mud and mineral water baths with therapeutic pools.

The company "Pinus Proprius", which belongs to the worldwide famous concern "Inter Ikea", is planning to build a modern SPA centre with conference halls and the largest hotel in Palanga on the other shore of the river R¹ž?, instead of the former pool of sanatorium "Jurate". The hotel with 210 apartments and total area of more than 20,000 m² will be named "A Capella SPA Palanga".

By 2009, K. Gecas trade company is planning to build a sea and mineral water therapy centre (SPA centre) near hotel "PALANGA", that would reflect the style and spirit of the old Palanga architecture.
In 2006 UAB "Baltijos pirkliai" has started construction of the entertainment and recreation complex. It comprises twelve villas with sauna, conference hall, cafes, restaurant and commercial premises. In 2007 the company plans to build two 5- and 3-star hotels at Šventoji and one 5-star hotel in Palanga. A water park and SPA centre with the total area of almost 22,000m2 is being designed for those coming to relax and to regain strength. The centre will comprise saunas, massage rooms, therapeutic baths, beauty salons, relaxation rooms, recreation Water Park, bowling, billiard hall and restaurants. The family health centre will be able to accommodate 3,200 people at the same time.

Palanga expects that the above leisure, entertainment and health centres will create a larger flow of incoming tourists and holidaymakers, as well as will extend the recreation season in the resort.