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Breweries call for lower taxes

SLOVAK breweries will call on the cabinet to lower the excise taxes on beer, alarmed by falling sales since the taxes went up by 66 percent in August this year.

"We will ask the cabinet to reevaluate the beer excise tax because [the cabinet's previous] insensitive administrative decision damages all beer producers," Štefan Karšay, head of the Slovak Beermakers association said to the Slovak daily Pravda.

Since August, the beer sales of members of the association fell by 14 percent. Pravda wrote on December 11 that some breweries have already decreased their beer prices by about one crown per bottle.

The sector expects to end this year with an Sk400 million (€9.6 million) loss, while only last year the sector produced a record amount of beer - 4.85 million hectolitres. This year, the production is expected to fall behind that figure by about a quarter of a million hectolitres.

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

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