Locked content Beer and wine production to drop in 2017 – report

Beer production in Poland will fall by 2.2 percent this year and will amount to 40.5 million hectoliters – according to the Institute of Agricultural and Food Economics (IERiGŻ) report. The Institute forecasts that foreign trade deficit of alcoholic products will reach €327 million. “Bas...

Locked content Beer market to shrink by 1% this year

Polish brewery giant Kompania Piwowarska (KP) said that the beer market will shrink by one percent y/y in 2015. “Highly competitive prices also makes the average price of beer lower than last year. It is therefore important, not only for us but for the entire industry, to create a valuable bee...

Vodka production remains lower than in 2013

The Polish vodka sector has failed to bounce back after the 2014 increase in excise tax. Between January and October 2015, 665,000 liters of vodka were produced, a decline of nine percent compared with the same period in 2013.

Locked content Poles consumed less alcohol in 2014

In 2014, the average Pole drank 9.4 liters of pure alcohol, 0.27 liter less than in the previous year, according to a report by the Ministry of Health. The report also said that the level of beer and wine consumption increased, while the share of vodka in overall alcohol consumption declined. The nu...

Locked content Sales in small format stores up by 3,8%

The spokesman of the Polish Chamber of commerce (PIH) Joanna Chilicja reported that sales in small format groceries and alcohol stores increased by 3,8 percent in August, whereas fell by 0,4 percent in a year-to-year comparison. Small format supermarkets can spread over an area up to 300 sqm: small ...

Polish gov’t supports minimum alcohol pricing

The Polish government has supported the introduction of a common alcohol strategy during a meeting of ministers of health in Riga. The strategy included a commitment to introduce a minimum unit price for alcohol and to ban alcohol advertisements, including beer, Polish daily Dziennik Gazeta Prawna r...

Alternative investor guide: Can you make money on alcohol and pain...

By definition, an alternative investment is an investment in assets other than stocks, bonds and cash, making it a rather vast category. Nowadays, you can invest in virtually anything from gold bars and foreign currency to stamps and famous actors’ autographs. What was once considered a hobby, can n...

Locked content Belvédère Group revenues down in 2014

Polish-made Sobieski vodka producer Belvédère Group reported a revenue decrease by 4.1 percent year-on-year to  €466.9 million in 2014. In Poland, revenues stood at €179.0 million in 2014, a decline of 19.7 percent year-on-year, the company announced. “Due to the excise tax increase, which came into...

Locked content Wine consumption to grow by 7%

Poles have taken a liking to the 6,000 year old alcoholic beverage. Wine consumption (including more expensive bottles) is growing and will continue to do so at a rate of 7 percent per year, according to a KPMG report. Andrzej Bernatek, chief of a consumer goods consulting group at KPMG, said, ̶...