GroGlass® to represent Latvia in Europe’s most competitive business awards competition

On July 8th, 2010 the European Business Awards sponsored by HSBC ( announced that GroGlass SIA is to represent Latvia in the prestigious 2010 Awards programme. GroGlass SIA beat off stiff competition to be selected as one of 10 Country Representatives and will now compete for a coveted Ruban d’Honneur in the next round of the competition. Final category Award winners will be unveiled in Paris on 16th November.

Now in its fourth successful year, the European Business Awards has identified some of Europe’s brightest businesses based on their ability to demonstrate the three core principles at the heart of the Awards programme. The esteemed panel of judges were looking for organisations to represent Latvia who exhibited innovation, business excellence and sustainability.

Speaking about this announcement, Alexander Sasha Kelberg, CEO of GroGlass SIA said: “It is a great honour to be selected to represent Latvia. We see many challenges ahead of our company, but it feels wonderful to be recognized for the hard work that our team has been doing for the past several years. Since starting operations nearly 2 years ago, we have made great progress producing anti-reflective glass coatings for art-framing, architecture, displays, solar panels and greenhouses and it’s an honour to be recognised as one of the leading organisations in our country and in our field. We hope that our drive for innovation will result in a successful high technology business that Latvia could be proud of.”

The European Business Awards is dedicated to raising the visibility and progress of companies who excel in delivering innovation twinned with successful commercial results whilst acting responsibly and positively affecting the social environment they operate in. In 2009, the 99 Ruban d’Honneur recipients had a combined turnover greater than €570 billion and recorded an average annual profit growth of 56%.

Adrian Tripp, CEO of the European Business Awards says, “Over the past 4 years we’ve received an incredibly high standard of entries from organisations who are passionate about their business. However, very few get the chance to fly the flag for their country and compete across Europe to be recognised as one of the EU’s leading companies. It really is an exceptional accolade to be picked as a Country Representative, and together with HSBC we’re looking forward to seeing Latvia in the next round.”

Alan Keir, HSBC Group General Manager and Global Co-Head Commercial Banking, comments, “As we start to turn the corner from what has been an unprecedented chapter for businesses, we believe it is essential that we both acknowledge and celebrate the ingenuity that has enabled many companies to survive and often thrive across Europe during this time.