According  to the Latvian language business newspaper "Dienas bizness"

of  15.05.03,  with the reference to JSC "Latvijas balzams" Chairman of

Management  Board  Juris  Gulbis'  comments  at the press conference in

Vilnius,  the  Latvian company has responded to the privatisation offer

regarding 91.95% of shares in a Lithuanian alcoholic beverages producer

"Stumbras".  J.Gulbis has stressed that "Latvijas balzams", pursuant to

the   privatisation   rules,  would  commit  itself  to  exporting  500

decalitres of alcoholic beverages per year, and would assume investment

obligations of over LTL 20 million (about LVL 3.5 million) over a three

year period.