The council raised the minimum prices for wine products in Ukraine

Published 2024년 10월 12일

Tridge summary

Ukraine's Verkhovna Rada has passed a law to increase the minimum wholesale and retail prices for grape wines and other wine products by 50%. This move comes in response to a significant rise in production costs since 2018, including increased energy and component prices, labor costs, and inflation. The law, part of the tax code, aims to support winegrowers by allowing them to sell grapes at better prices, preventing the mass uprooting of vineyards, and fostering new investments in the industry.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Such a norm is included in the law on raising taxes (No. 11416-d), which was recently adopted by the Verkhovna Rada of Ukraine. This was announced on Facebook by the head of the Committee of the Verkhovna Rada of Ukraine on Agrarian and Land Policy Oleksandr Haydu. According to him, also, without waiting for the government's decision, the amount of the minimum wholesale and retail prices for grape wines and other wine products, which was established by the CMU resolution No. 957 and has not been reviewed since 2018, is being increased by 50%. "Since that time, the costs of producing wine products have increased significantly due to the increase in the price of energy carriers (natural gas, fuel and lubricants, electricity), the increase in component prices, the increase in labor costs and inflation. Therefore, today, revision of the minimum retail and wholesale prices for wine products is an urgent need. The existing MRC does not cover the real costs of ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.