The financing issued by Nordea bank is provided for several trading operations at local and export markets.

 

The Chairman of the Board of AS “Latvijas balzams”, Mr. Kārlis Andersons: „We are satisfied to have such an understanding and supporting financial partner in severe market environment that highly estimates our performance quality and our prior cooperation will continue in atmosphere of mutual confidence. The current situation requires rational and efficiency enhancing steps, which we also are going to implement at the local and export markets”.

 

Head of corporate banking department of Nordea bank Gustavs Eglītis: „The enterprise „Latvijas balzams” is an evidence of Latvian manufacturing enterprises high competitiveness at export markets even amid economic crisis. Furthermore, in current difficult economic situation, “Latvijas balzams” continues to be a stable and profitable company, showing the competence of management and a considered long-term strategy, as well as the ability to use the market situation to strengthen their position. We are pleased that we can develop our mutual cooperation with the company that is one of the largest tax payers in the country, thereby strengthening at the same time the Latvian economy in general”.

 

AS “Latvijas balzams” is founded in 1900 and is the largest producer of alcoholic beverages in the Baltic States. The enterprise is one of the major product exporters in Latvia. The enterprise produces over 130 beverages under various names, which are exported to more than 100 countries worldwide. “S.P.I. Distilleries. B.V.” is the leading shareholder of AS “Latvijas balzams” holding 89.52% shares. Additional information: www.lb.lv

Dagnija Stuķēna, PR manager, press secretary, Nordea Latvija, phone: 67 007 610, cell ph.: 29 470 708, dagnija.stukena@nordea.com