One of Latvia’s best-known liquor brands faces an uncertain future as Riga Black Balsam’s producer weighs insolvency — Meduza

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…

Germany Records Highest Monthly Company Insolvencies in 13 Years

Germany’s economy is facing renewed pressure after the country recorded 2,373 company insolvencies in July, the highest monthly figure in 13 years, according to the Federal Statistical Office. The development highlights the continuing difficulties confronting businesses across Europe’s largest economy and raises concerns about employment, investment, consumer confidence and the country’s long-term economic outlook. The…