The factory of the legendary Riga Balsam has faced financial difficulties. One of the reasons was a drop in alcohol consumption.
Riga Balsam. Photo: manufacturer
Shareholders of the Latvian alcoholic beverage producer Amber Latvijas balzams are planning to consider the question of the company’s further operations and possible initiation of insolvency proceedings at a meeting in early November, Office Life writes.
The manufacturer of the legendary Riga Balsam has faced financial…