Alcohol, Baltic Export, Good for Business, Latvia, Markets and Companies, Retail

He said that Valmiermuizas Alus is determined to ship the first consignment of beer to Finland by Christmas. The company also continues to operate in its existing markets, including Lithuania and Sweden, where it sells small amounts of its products, as well as in Switzerland. Neighbor country Estonia, meanwhile, is a more strategic market, Rungis said.

In Rungis' words, the company's export operations have been successful this year as its sales in Estonia doubled in the 9 months of 2016. While last year we sold only about 2% of our beer in Estonia, this year we have sold 4% already, Rungis said, adding that Valmiermuizas Alus beer will now be available not only in Estonia's Rimi, but also Selver stores.

The joint-stock Valmiermuizas Alus brewery achieved EUR 3.84 mln in turnover last year, which was 13% more than the previous year, when the company achieved EUR 3.39 mln in turnover. The company's annual profit, meanwhile, dropped 14.6% to EUR 264,900.

Valmiermuizas Alus commands about 1% of the Latvian beer market.