The government of Ukraine plans to raise prices for alcoholic beverages from 11 to 71%

Published Jul 14, 2023

Tridge summary

The Ministry of Economy of Ukraine has proposed a draft government decree that would significantly increase the prices of alcoholic beverages. The proposed increase includes varying percentages for different types of drinks, ranging from 11-71%. The Ministry justifies these price hikes due to changes in the socio-economic and tax spheres, including increased costs of raw materials and excise tax rates.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Ministry of Economy of Ukraine has developed a draft government decree providing for a significant increase in prices for alcoholic beverages. The corresponding document was submitted by the department for discussion by the government, the Ukrainian edition of Economic Truth reported. The document proposes to increase the minimum wholesale and retail prices for certain types of alcoholic beverages: for vodka and alcoholic beverages - by 13%, for cognac (brandy) - by 11-12%, for sparkling wines and carbonated wine drinks - by 28%, for whiskey, rum and gin - by 25%, for wine products and ordinary (still) wines - by 62%, for cider, perry, wines, vermouths and other fermented drinks, the ethyl alcohol content of which does not exceed 22 %, - by 61-71%. The Ministry of Economy justifies the need for ...

Source: Kvedomosti