UKRAINE: Carlsberg warns of possible brewery closure over tax plans - report
Carlsberg has warned it will be forced to cut costs if the duty hike goes through
Carlsberg has claimed that it will be forced to close one of its Ukrainian breweries if a three-fold duty hike on beer goes through, according to reports.
A draft bill in Ukraine's Parliament is proposing a three-fold tax rise on beer to UAH2.5 (US$0.31) per litre. Carlsberg, which has three breweries in the country, forecasts the market will shrink approximately 15% this year, if the bill is adopted, the Ukranain News Agency reported today (11 June).
"In this situation we will be compelled to close down one of the company's three breweries, we are already discussing this issue now," Carlsberg's Ukraine director-general Petro Chernyshov was quoted as saying.
He also warned the company will have to axe 15% of its Ukraine workforce, the news agency reported.
The government has said 65% of the funds raised from the excise increase would go towards building hospitals, it was reported.
First-quarter net sales in Carlsberg Eastern Europe region, which is mainly Russia and Ukraine, were flat, the brewer reported last month.
The Packaging of Retail Alcoholic Drinks in Ukraine, 2007 to 2017
“The Packaging of Retail Alcoholic Drinks in Ukraine, 2007 to 2017” is a data only report providing extensive and highly detailed time series consumption data on primary and outer packaging in the mar...read more
Carlsberg AS (CARL B) - Financial and Strategic SWOT Analysis Review provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled by Globa...
The world’s fourth largest brewer, Carlsberg is working to reduce its reliance on struggling European markets. This profile considers the company’s decision to focus on emerging Asian markets and anal...
Alcoholic Drinks in Europe industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2007-11, and forecast to 2016). Th...
Alcoholic Drinks in France industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2007-11, and forecast to 2016). Th...
- A tobacco analogy soft drinks will want to embrace
- just The Preview - SABMiller's Q1
- Pernod's Portman Group penalty - a coincidence?
- Cleaning China's seedier side brings Remy balance
- PepsiCo to consider more re-franchising - CEO
- Diageo's Captain Morgan Facebook ad banned
- Diageo faces public consultation over W&M sale
- William Grant silent on Drambuie bid talk
- Bacardi to fight US football team legal action
- Remy posts Q1 sales drop as Edrington loss bites