The profitability of the beverage industry is falling

The VAT and excise duty increase was a severe shock to the domestic distillation industries:
The main participants of the market only expects the keeping the turnover on level this year.

Besides the decrease in domestic consumption, a part of the premium product purchasers pushed their consumption towards cheaper (quality) products. At the commercial products beside the normal decrease in demands, the growth of the black market also had a negative effect on legal sales volume. The tax changes and the decline in solvent demand, strongly impaired the viability and profitability of the industry – reports Világgazdaság Online.