GreenTrace was founded in 2010 by merging of GreenTrace distribution company and a number of leading manufacturers of climate technology. GreenTrace provides a full production cycle: design, production, distribution, installation, marketing, supply and service of consumer and professional climate equipment.

The Company Statement
August 28, 2023

Despite sanctions and other risks related to business with Russia, many Latvian companies still export to this country. Recently, the Central Statistical Bureau (CSB) published a list of businesses continuing exports to Russia after the war began. Another noteworthy company is Green Trace Ltd, which exports technology from the Electrolux, Zanussi and other brands through Latvia. In 2021 the company had an EUR 107 million turnover in Russia, which is around 90% of its total turnover of EUR 116.8 million.

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