Latvijas Balzams (English: Latvian Balsam) is the largest alcoholic beverage producer in the Baltic states headquartered in Riga.[2]:2 As of 2006, it had a market share of about 50% in Latvia.[3]:110 The company has a long history as the beginning of it can be considered 1900 when Riga State Spirits Warehouse No.1 started operation as it later changed its name to Latvijas balzams in 1970 and eventually became a public joint stock company in 1997.[4] Its flagship product is Riga Black Balsam which is a traditional Latvian herbal liqueur.

References

  1. ^ a b c d e f g h i j k l m n "Annual report for the period ended 31 December 2012" (PDF). AS Latvijas balzams. Retrieved 18 June 2014.
  2. ^ "Condensed financial statements for the first 3 months of 2014" (PDF). AS Latvijas balzams. Retrieved 18 June 2014.
  3. ^ Kevin O'Connor (2006). Culture and Customs of the Baltic States. Greenwood Press. ISBN 0313331251.
  4. ^ "Company history". AS Latvijas balzams. Retrieved 18 June 2014.