Market Report, "Spirits in Hungary", Published
Demand for spirits in Hungary is being negatively affected not only by weak consumer spending power but also by increasing taxes. After the excise tax on alcohol was raised in Hungary during 2012, rising by 5% for high-quality spirits such as vodka and palinka, further tax increases were introduced during 2013 and this raised the excise tax on spirits by a further 15%. The average unit price of spirits rose significantly as a result, especially for brands in the economy...
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