Alcohol, Baltic Export, Good for Business, Latvia, Markets and Companies

Jablokovs said that Ilgezeem is currently shipping products to Israel, Iran and the Maldives in containers and that smaller amounts of Ilgezeem products - two to five paletts - are being shipped to the Netherlands and Finland. Unlike in other markets, alcoholic beverages of the Ilgezeem brand are not available in Iran and the Maldives.

Jablokovs noted that until now Ilgezeem did not sell alcoholic beverages in Russia which only imported Ilgezeem kvass, a lightly fermented malt drink. This year, however, Ilgezeem started shipping its honey-flavored beer to Russia. "We found a distributor in Russia's St. Petersburg, we have sent the first cargos of our products there," Jablokovs said, adding that the company is in talks with another major Russian company.

As reported, Ilgezeem posted EUR 4.92 million in 2016 turnover, down 8 percent from a year before, while the company's profit contracted 36.6 percent to EUR 177,724.

Ilgezeem, established in 1995, has a share capital of EUR 2,800. The company belongs in equal parts to two individuals -- Roberts Volfs and Viktors Ognanovs.