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Production of vodka in Ukraine fell by almost 60%

Sep 29th, 2009 | By admin | Category: Main News

leaders alcoholic beverage companies say that the next increase in excise duties on alcohol threatens the complete collapse of the industry.

In particular, in an interview InvestGazeta Director of Legal Affairs Khortytsa distillery Gennady Vasyukov said: If the excise tax increase this year again by the end of the year we will be faced with complete shadowing of the market. He noted that banks have stopped lending industry. Open a new credit line is now virtually impossible, with the objective of lending is not as important, said Vasyukov.

According to director of association Ukrvodka Ivan Zholnera, for 8 months of 2009 enterprises vodka liquor industry produced 8% less than for the corresponding period of 2008. Meanwhile, in July, the month of August registered a decline in output of almost 60%. In the first half of vodka produced 61 enterprises, and in August - only 35, said Zholner.

fact of common knowledge is idle during this period almost all manufacturers industry due to lack of demand for the product of such value, - noted Zhugin, general director of Alter Group (production and distribution of liquor-vodka drinks: TM PULSE , Artemovskaya , white filling ).

Already, leaders of banks refusing to comment on issues of credit and debt alcohol companies.

Banks could become a catalyst for the biggest bankruptcy alcohol producers. Increased payments for excise taxes jeopardize the loan servicing beverage companies. At present, banks, insuring risks have significantly increased their demands to the producers - more than 50% increase in lending rates, tightening of collateral requirements. In addition, the reduced number of banks able to lend to large business.

As UNIAN reported earlier, from July 1, 2009 excise rates on alcohol increased from 21,5 UAH. up to 34 UAH. for 1 liter. Until the end of the rate of excise tax on 100% alcohol may increase up to 50 UAH. for 1 liter. According to the media, the proposal at a meeting of the parliamentary committee on the budget was rejected, but before the end of 2009, the government may submit a new bill. The probability of this increases if we take into account that the new excise tax should be a tool for improving social standards. We offered to improve social standards, increasing excise taxes on cigarettes, vodka and other shmurdyaki. We could get further in 2009, 6 billion UAH. And send them to raise the minimum wage, pensions and wages, - said faction BYuT deputy chairman of the Budget Committee Oleg Lyashko.

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