Beer prices will not increase in Slovakia because parliament on Wednesday, December 1, voted down Finance Minister Ivan Mikloš's proposal to raise the excise tax on this type of beverage, the TASR newswire reported.
The move failed to garner support among some Christian Democratic Movement (KDH) MPs, with four of them abstaining from the vote. Under the amendment, the excise-tax on beer was to be increased by 22 percent for beer produced by small breweries and by 27 percent for beer brewed by larger ones.
The proposal drew harsh criticism from breweries in the run-up to the vote. "After providing countless expert opinions, detailed analyses and explanations concerning the reasons why yet another significant increase in excise tax would be a ruinous move for breweries, we view the Coalition Council's decision [to support the tax increases] as disregarding and underrating future developments in a sector of such importance," said the Slovak Beer and Malt Producers Association (SZVPaS), as quoted by TASR.
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
2. Dec 2010 at 10:00