No booze buying hysteria

AN EXPECTED hike in the cost of alcoholic beverages due to the increase of excise taxes on spirits introduced as of January did not lead to alcohol buying hysteria, the Hospodárske noviny wrote.

"Consumers only stocked up on alcohol moderately before the New Year celebrations," said Terno market research agency analyst Lubomír Drahovský.

Shops did not clear their alcoholic drinks stocks by closing time on December 31.

However, the tax changes may still lead to an extra Sk16 (€0.42) per litre of spirits with a 40-percent alcohol content. A traditional 0.7-litre bottle would therefore cost around Sk11 more.

Vice-chairman of retail chain COOP Jednota, Martin Katriak, was not able to say whether the tax hike will lead to higher prices, or whether competition between retailers will hold prices at their current level.

Compiled by Beata Balogová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Sweden is a European leader in further education, with 34.3 percent of involved adults in 2019.

Further education gives hope, but not to people in Slovakia

Stepping up to world-class further education provision does not end with a strategy, examples from abroad show.


11. jún
An interactive statue by the Love Bank museum in Banská Štiavnica.

Instead of love, "garden gnomes" cause uproar in a Slovak UNESCO town

Your weekly dose of easy reads about Slovakia, including EURO 2020 and geoparks.


11. jún
Recent tax measuresmayhelp to fill state coffers.

Historic deal on minimum global tax of 15 percent. Will it become relevant?

The planned tax reforms are both ambitious and complex; it is already clear that not everything will be enforceable.


7 h