At the center of the attention of former banker Ernest Bernis is the revitalization of Old Riga, including the upcoming “battle” with those who are renting apartments to short-term rentals. In addition, Bernice is in the business of manufacturing plywood.The current field of his activities covers five different areas, among which the biggest investments are the hotel business and the
wood industry. The origins of the AmberStone group can be traced back to 2013 year. The purpose of its creation was to offer other investment opportunities beyond ABLV Bank, which was the largest shareholder of the group. Conditionally, the first phase of work ended in 2018, when the
bank was licensed, discontinued activities and began liquidation. “This started serious challenges and for AmberStone. As and other creditors, the company had funds in the bank, as well, as other debtors had loans in the bank, there was no hope for expansion, and investments in many projects were
only the beginning stage, ” says Bernis. “Over the years the investment project
hasdeveloped,andnowthegroup’sbusinessisbeginningto”ramp up.”
