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The minimum price in vodka will increase by one third

Минимальные цены на водку возрастут на треть

The Cabinet of Ministers has approved of increasing the minimum retail price (MRP) of 0.5 liter of vodka for a total of 37.6 %. The price rising will be put to effect in two steps: in the coming days – by 25.1 %; from September 1 – by 10%.


According to the Resolution, which was adopted on June 17 by the Cabinet of Ministers, the minimum retail price on other kind of alcoholic beverages will also rise. In particular starting from September 1 the retail price of 0.5 liter of glass bottle of wine or 1 liter of other packing materials will rise by 35 % (27.00 hrn.). 0.75 liter of glass bottle of sparkling wine and champagne, as well as some other wines (0.7 liter) will rise by 51.2 % (49.90 hrn.).


Prices on brandy are also rising depending on “star rating”: the less aging the higher rising cost percent. Till September 1 the minimum retail price for a 0.5 liter of 3 Stars cognac (brandy)  will rise by 42.3% (84.00 hrn.); 5 Stars cognac (brandy)  will rise by 36% (94.00 hrn.).


“The current increase in the minimum retail prices for the products gives us the effective mechanism that can help legal producers in a fight against the illegal alcoholic beverages which are made from poor-quality materials and to reduce the share of “grey market” - the Interfax-Ukraine News Agency was commented in the press office of Global Spirits international holding.


According to the company, the decision made ensures consumer to purchase a high quality product by the set minimum price, manufactured legally, with the payment of the relevant taxes.


As reported, the recent increase in MRP on alcoholic beverages in Ukraine was in August 2014.


Based on delo.ua