CZECH REPUBLIC: Czech beer volumes drop in H1
Czech Republic brewers report lower volume sales
Higher taxes caused beer volume sales in the Czech Republic to drop by 10% in the first half of 2010, compared to the same period of last year, according to the country’s Association of Breweries and Malt Plants.
The trade body's executive director, Jan Vesely, blamed the fall on the Government's decision in January to increase excise duty on alcohol. The price of half-litre of beer has since gone up by roughly CZK0.5 (US$0.03) and some breweries have raised it by as much as CZK1.
Vesely said he didn't think the drop in volumes had much to do with global economic recession. “The number of foreign visitors to our country has recently been growing,” he said. Foreign tourists account for 20% of total Czech beer consumption, according to industry estimates.
Sectors: Beer & cider
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