MADARA wins the 2010 German Business Award03/06/2010

On 3 June, the 2010 German Business Award and a cash prize of EUR 5,000 (approximately Ls 3,510) were awarded to SIA "Madara Cosmetics".

Ilze Kroksa, Spokesperson of the German-Baltic Chamber of Commerce in Estonia, Latvia and Lithuania explained that the jury commission was impressed by "Madara's" total commitment to boosting its exports, as well as its strong presence in foreign markets. In the commission's opinion, the company has successfully adapted to the fluctuating demands of consumers and won widespread recognition through its model of "green" thinking both in Latvia and overseas.

 "As a result of its active and targeted marketing activities, despite the impact of the prevailing economic crisis, the company has secured a foothold in new export markets, thus tripling its export volumes compared to last year. "Madara" also sells its cosmetics in prestigious cosmetics stores in Germany and has recently been selected as the exclusive brand of Germany's biggest cosmetics chain, "Douglas".

In addition to the EUR 5,000 cash prize, the company was also presented with a flight to Germany  to meet potential or existing business partners or to take part in an international trade fair.

Today, the German-Baltic Chamber of Commerce in Estonia, Latvia and Lithuania  presented the German Business Award in Latvia for the 12th time.

Source:nra.lv

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