Home » today » Business » ‘Rock Distribution’ has borrowed 250 thousand euros for development

‘Rock Distribution’ has borrowed 250 thousand euros for development

Luminor“The bank has granted financing of 250 thousand euros to a distributor of musical instruments and professional sound, light and stage equipment in Latvia and abroad – SIA” Rock Distribution “. The financing is planned to be used for further business development and ensuring business continuity, informs the bank.

Content will continue after the ad

Advertising

With the financing provided by Luminor Bank, Rock Distribution intends to continue the business development started during the pandemic. Last year, the company increased its turnover by 22%, successfully reorienting its operations, as well as providing new services – the sale of professional sound equipment and musical instruments to retail store chains in Latvia, such as “220.lv” and “RD Electronics”.

Edijs Rudzis, Chairman of the Board of Rock Distribution, points out that with the allocated funding it will be possible to continue the successfully started development course in Latvia and abroad. Ilze Zoltnere, Head of Luminor’s Corporate Department, notes that Rock Distribution is an example of how, by adapting to the circumstances, it is possible to grow its turnover and continue to improve the business even in difficult conditions.

SIA “Rock Distribution” started its operation in 2008. The company is mainly engaged in the distribution of musical instruments and professional sound equipment in Latvia and abroad. Rock Distribution is also a representative of many professional sound equipment brands in the Baltic States and in recent years has expanded its business beyond the Baltics – in Poland and the Scandinavian countries. This year, the company will implement several large-scale projects, such as delivery and installation of equipment Riga Stradins University, Sēja district culture house, Emils Darzins music high school and New Riga theater.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.