Beer culture in Turkey may become history on price hike plans - official

Published Jun 9, 2021

Tridge summary

Turkey's government is contemplating a significant increase in beer prices, with an estimated rise of between 17% and 23%, as part of a broader strategy to impose higher taxes on alcohol and cigarettes, a move criticized by the main opposition party as an imposition of Islamic values. Since its election in 2002, the government has consistently raised taxes on these products at a rate exceeding consumer price inflation. The proposed price hike could make beer culture in Turkey unsustainable, given that the cheapest half-litre bottle currently costs just over $1.5, which is nearly as much as the daily minimum wage. The government plans to announce the new taxes in time for their implementation in early July, alongside potential increases in the costs of other alcoholic beverages and cigarettes, as well as stricter regulations on alcohol sales licenses.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Turkey’s government may be planning a massive increase to the price of beer at the start of July, a move that could confine the drink’s popularity to history, a senior sector official said. The Islamist-leaning government of President Recep Tayyip Erdoğan has raised taxes on alcohol and cigarettes at a pace far exceeding consumer price inflation since it came to power in 2002. Turkey’s main opposition party accuses Erdoğan of imposing his Islamic values on the country through steps such as tax hikes. Erdoğan, banned from public office in the 1990s for mixing religion with politics, is a vocal opponent of drinking and smoking. “There’s talk of an increase of between 17 percent and 23 percent,” Özgür Aybaş, the head of an association representing alcoholic beverage retailers, said on Twitter on Tuesday. “I hope this will not happen, otherwise beer culture will be history.” The price of the cheapest half-litre bottle of beer in Turkey stood at 13 liras ($1.5) at the start of the ...
Source: Ahvalnews

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