Good for Business, Latvia, Markets and Companies

The growth plans of Latvijas balzams are based on planned export growth in strategic markets and production of new beverages.

"We’ll continue purposeful growth in production with focus on profitable brands with high export potential as Riga Black Balsam, Stolichnaya Vodka, Moskovskaya Vodka ", " Amber Gold Vodka " and Riga Black Vodka; Grand Cavalier brandy and sparkling beverage Cosmopolitan Diva . Our plan for this year is to increase sales in strategic markets such as the United Kingdom, United States, Asian markets, Poland, Israel where we see the potential for the grow and expansion of our assortment ", says "Latvijas balzams" Board Chairman Seymour Ferreira.

Latvijas balzams posted EUR 55.27 mln. in unaudited turnover for the first three quarters of 2015, up 7.9 % from the same period in 2014, according to the company's report to "Nasdaq Riga".

Latvijas balzams has been part of the "Amber Beverage Group" since October 2014. Amber Beverage Groupwas founded, and belongs to, the Netherlands-registered company S.P.I. Regional Business Unit B.V.

Latvijas balzams is the largest producer of alcoholic beverages in the Baltic States with a range of more than 100 different products. The company's production is exported to more than 160 export markets as mediated by SPI Group, and to 30 markets via the company's direct export route.