Ukraine: Parliament adopted a law that simplifies the conditions for the production of craft spirits by small entrepreneurs

Published Jun 29, 2023

Tridge summary

The Verkhovna Rada of Ukraine has passed a draft law aimed at simplifying the conditions for the production of distillates by small businesses. The law aims to stimulate the development and legalization of small entrepreneurship in the alcohol distillates and spirits production sector, and increase domestic production of high-value products. The law includes provisions such as determining the criteria for small distillate producers, reducing license costs, and allowing the use of all alcoholic distillates produced from agricultural products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Verkhovna Rada of Ukraine adopted in the second reading and as a whole draft law No. 5762 "On Amendments to Some Laws of Ukraine on Simplifying the Conditions for the Production of Distillates by Small Business Entities." The document was initiated by the Ministry of Agrarian Policy and Food of Ukraine. According to Taras Vysotskyi, First Deputy Minister of Agricultural Policy, the draft law is aimed at stimulating the development and legalization of small entrepreneurship in the field of alcohol distillates and spirits production. And also to increase domestic production of products with high added value, which will contribute to the filling of budgets at all levels. "The draft law will help legalize small entrepreneurs who produce and sell craft spirits and alcohol distillates, and will create additional opportunities for processing agricultural products. All this will contribute to the promotion of Ukrainian craft products to foreign markets. After all, Ukraine has all the ...
Source: Agroconf

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.