Reaching for the bottle
It was announced on 16 February that the tax on alcohol is to be increased by 3-7 percent. What is wrong with this? Manufacturers are worried that this will not result in extra revenues for the government, but will lead to a drop in demand and sales. Domestic consumption has been declining for years. Domestic brands will be replaced by cheaper imported brands. The black market will thrive. There is nothing wrong with fighting alcoholism, but this step will not boost tax revenues, yet it will certainly damage our industry.
Related news
More related news >
Related news
KSH: in April, retail turnover exceeded the same period of the previous year by 5.0 percent and the previous month by 2.0 percent
In April 2025, the volume of retail trade turnover increased…
Read more >FAO food price index fell in May
The benchmark global food price index fell in May from…
Read more >Eurozone retail sales rise in April
Retail sales in the eurozone and the European Union increased…
Read more >