The board of Amber Latvijas balzams has called a shareholders’ meeting for November 3 to consider whether the company can continue operating and whether to begin insolvency proceedings. The decision will take shareholders’ proposals into account.
In early October, Amber Latvijas balzams asked the Riga City Court to end its .
The company sought court protection in early 2026 after accumulating more than 28 million euros in unpaid taxes owed to the state.
The company attributed its debts to “external problems that have been mounting for years”: the seizure of assets in Russia, a major cyberattack on the company, and “challenges” in global spirits markets.
Under the proceedings, Amber Latvijas balzams was required…