Stock Spirits has hit back at the recent rise in Polish excise duty on alcohol and tobacco, claiming it will cause many price promotions to be unprofitable.

The East European drinks maker, which last week hailed "significant market share" gains in key markets, also warned that the tax rise would would caused a fall off in volumes.

Neil Everitt, CEO of Stock Spirits, said yesterday (18 February): "The parliament decision taken in Poland to increase excise rates on alcohol and tobacco in January came as a surprise to the Polish drinks industry.

"Initial discussions outlined that the increase would not happen until at least March, which would have given our clients, the drinks retailers, time to consider and properly plan price promotions for the first quarter - many of which have already hit the shelves at the start of the New Year and will prove unprofitable."