Ministry of Finance proposes to revise the minimal alcohol prices

MIL OSI – Source: Government of Ukraine – Press Release/Statement

Headline: Ministry of Finance proposes to revise the minimal alcohol prices

The
Ministry of Finance engages the public to discuss changes to the minimal
alcohol prices.

The current
minimal prices are not in line with the actual costs of companies producing and
selling alcoholic drinks (both the spirit price and the excise tax rate have
increased since the introduction of the minimal prices). This entails the
review of the minimal alcohol price. Also, the current minimal prices cannot
prevent the sale of illegal alcohol which affects the health of the nation.

This is the
reason why the Ministry of Finance proposes to adjust the minimal alcohol price
to the current market level.

The
proposed minimal prices are actually in line with the average price currently
present at the market representing legal producers, wholesale and retail
companies. They should also significantly reduce the profitability of illegal
producers who do not care about quality. Thus, Ukrainian citizens will be
motivated to buy alcoholic drinks of higher quality.

As a
result, the Ministry of Finance presents the draft of the relevant decree for a
public discussion. The public opinion in this matter is very important for the
Ministry.