Russian Ambassador Visits Olainfarm

on February 18, 2011

On February 17, 2011 H.E. Ambassador Extraordinary and Plenipotentiary of Russian Federation to Latvia Mr. Alexander Veshnyakov visited JSC Olainfarm. During the visit Mr. Veshnyakov and representatives of embassy accompanying him saw the operations and met the management of the company to discuss the plans for future exports.

H.E. Ambassador Extraordinary and Plenipotentiary of Russian Federation to Latvia Mr. Alexander Veshnyakov said: “Cooperation between Russia and Latvia has a high growth potential and the task now ahead for both parties is to continue activities that have been started to further facilitate it.  I am grateful to Olainfarm for their hospitality and opportunity to see the principles of company’s operations and processes of pharmaceutical production. Olainfarm already is successful in Russian market and we have to continue solving different logistics related problems, to make similar successes even bigger”.

“Russia has been and will be our major exports market.  Last year we sold 47% of our products to Russia for nearly 12 million lats.  Since 2002 our sales to Russia have increased more than six fold and in this market we directly or indirectly employ more than 100 medical specialists and experts in pharmaceutical marketing.  The achieved positive development trend has even further growth potential. It is an honour for us that Mr. Veshnyakov has visited Olainfarm. This visit confirms that our operations in Russia are highly appreciated.  This meeting will provide an impulse for new cooperation projects,” says Valerijs Maligins, Chairman of the Board of JSC Olainfarm.

JSC Olainfarm has the representative office in Moscow, the capital of Russia.


JSC Olainfarm is one of the biggest pharmaceutical companies in Latvia with more than 40 years of experience in production of medication and chemical and pharmaceutical products. A basic principle of company’s operations is to produce reliable and effective top quality products for Latvia and the rest of the world. Products made by the Group are being exported to more than 35 countries of the world, including the Baltics, Russia, other CIS, Europe, Asia, North America and Australia.


Information prepared by:

Salvis Lapins
Member of the Board
JSC Olainfarm
Tel: +371 6 7013 717
Cell: +371 2 6448 873

Russian Ambassador Visits Olainfarm