Business news from Ukraine

Price of liter of beer at this year’s Oktoberfest has risen to EUR13.75

The cost of a liter of beer at the Oktoberfest, which is celebrated in Munich from September 16 to October 3, increased by 4.2% compared to last year and reached EUR13.75, according to a study by Berenberg.

The bank has been keeping statistics since 1991. During this time, the cost of beer at the traditional holiday grew at an average annual rate of 3.9%, with average inflation in Germany at 2%.

“Don’t even try to compare the price per liter with the cheap beer you can buy in discount stores,” said Holger Schmieding, senior economist at Berenberg. – “The difference may make you want to drink something stronger to numb the financial pain.

According to the European Commission, Germany’s GDP will decline by 0.4% in 2023, with inflation in the country at 6.4%.

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European Union has increased beer output by 7%

European Union countries increased beer production by 7% in 2022, almost to 34.3 billion liters, the EU statistics office said.

The bottling volume thus approached the pre-pandemic 2019 figure of 34.7 billion liters.

The production of beer with an alcohol content of less than 0.5% (non-alcoholic beer) remained unchanged at 1.6 billion liters.

Total beer output per capita amounted to about 80 liters last year, the report said.

Germany remains the main producer. It accounted for more than 22% of the total volume, or 7.6 billion liters of beer containing alcohol. It is followed by Spain (3.9 billion liters, or more than 11%), Poland (3.7 billion liters, or 11%), and the Netherlands (2.6 billion liters, or almost 8%).

At the same time, the Netherlands continues to be the main exporter of beer, having shipped 2.6 billion liters outside the country, including EU states, in 2022 (up 0.7 billion liters from the previous year). This represents 27% of total EU export sales.

The second place was taken by Belgium (1.6 billion liters, 17%), the third – by Germany (1.5 billion liters, 16%). The Czech Republic (0.6 billion liters, 6%) and Ireland (0.4 billion liters, 5%) were also in the top five.

The main destinations for beer exports outside the EU were the UK (860 million liters, 21%) and the USA (716 million liters, 18%), as well as China (349 million liters, 9%), Russia (271 million liters, 7%), and Canada (155 million liters, 4%).

France remained the largest importer of beer in the European Union, purchasing 0.9 billion liters of beer from union members and other states, accounting for 17% of the total volume. Next came Italy (over 0.7 billion liters, or 14%), Germany (just under 0.7 billion liters, 12%), the Netherlands (0.6 billion liters, 11%) and Spain (0.5 billion liters, 10%).

Britain imported the most significant volumes of beer into the EU (excluding union members) – 290 million liters, or 57% of all shipments. It also imported 99 million liters of Mexican beer (19%), 40 million liters of Serbian beer (8%), 15 million liters of Ukrainian beer (3%) and 11 million liters of Chinese beer (2%).

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Beer production in Ukraine increased by 112% in first half of year

Beer production in Ukraine in the first six months of this year reached 65.2 million dal, up 112.5% year-on-year, according to the website of the industry organization of brewers Ukrpyvo.

This figure is only 76.9% of the volume of beer production in Ukraine in 2021, the industry association said.

As reported, beer production in Ukraine in 2022 decreased by 27.9% compared to 2021 – to 122.8 million dal.

By the end of 2022, the brewing industry had partially recovered from a 50% drop in production in the first quarter due to the Russian invasion and the shutdown of some breweries. Thus, in the first four months of 2022, the decline amounted to 42.8% compared to the same period in 2021, January-May – 36.4%, January-June – 32%, January-July and January-August – 31.6% each, January-September – 30.5%, January-October – 28.6%, January-November – 28.1%, and 27.9% in the year before last.

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Beer production in Ukraine increased by 20.5%

Beer production in Ukraine in January-May of this year reached 51.1 million dal, 20.5% more than during the same period last year, according to the website of the brewers’ organization Ukrpivo.
It is specified that such growth is connected with the prohibition on manufacture and sale of beer, which was in force in 2022 (because of the full-scale invasion of Ukraine by Russia – IF-U) in January of this year the lag in manufacture of this drink was 15.2% compared to January-2022 indicators.
At the same time, this figure is only 77,5% of the volume of beer production in Ukraine in 2021, the industry association specified.
As it was reported beer production in Ukraine in 2022 decreased by 27,9% compared to 2021 – up to 122,8 million dal.
By the end of 2022 the brewing industry has partially recovered after the fall of production of this drink in the first quarter by 50% due to the Russian invasion and the shutdown of some breweries. Thus, at the end of the first four months of 2022 the decline was 42.8% compared to the same period of 2021, January-May – 36.4%, January-June – 32%, January-July and January-August – 31.6% each, January-September – 30.5%, January-October – 28.6%, January-November – 28.1%, the year before – 27.9%.

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Beer production in Ukraine increased by 35.3%

Beer production in Ukraine (except for non-alcoholic with alcohol content up to 0.5% vol.) increased by 35.3% in January-April 2023 compared to the same period of 2022 – up to 38.1 million dal, according to the website of the brewers’ organization Ukrpivo.
It is also specified that during the first four months of 2023 in Ukraine 85.85 thousand tons of malt was produced, which is 2.3 times more than during the same period of 2022.
As reported, beer production in Ukraine in 2022 decreased by 27.9% compared to 2021 – up to 122.8 million dal.
“Ukrpivo” pointed out that by the end of 2022, the brewing industry has partially recovered after a 50% drop in the first quarter due to the Russian invasion and the shutdown of some breweries. Thus, at the end of the first four months of 2022 the decline was 42.8% against the same period of 2021, at the end of the first half – 32%, and for the first nine months – 30.5%.

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“Radomyshl” Beer and Soft Drinks Plant increased its net loss by 57.3%

Private Joint-Stock Company “Radomyshl Brewery” (Radomyshl, Zhytomyr region), which is a part of “Persha Privatna Brovarnya” group, has increased its net loss by 57,3% – up to 149,42 million UAH in 2022 in comparison with the previous year.
According to the company’s notice in the information disclosure system of the National Securities and Stock Market Commission (NSSMC) about the planned annual meeting on April 28, its assets for the year increased by 23.9%, to UAH 3.82 billion, and the uncovered loss increased by 7.2%, to UAH 2.23 billion.
Total accounts receivable of the plant increased 16.5% during the year, to UAH 1.85 billion, long-term liabilities increased 20.7% to UAH 1.43 billion, and current liabilities increased 21.6% to UAH 3.62 billion.
The company increased its inventory by 57% to UAH 0.72 bln and had UAH 17.2 mln of free cash at the end of the year.
The shareholders are not allowed to pay out dividends and will have to repay their losses at the expense of future profits.
As earlier reported, Persha Privatna Brovarnya LLC was founded in 2004. It operates two breweries – in Lviv and Radomyshl with a total capacity of 2.4 million hectoliters of beer per year.
According to the PPB website, the largest shareholder of the company and its CEO is Ukrainian Andrey Matsola, while the second largest stake belongs to the EBRD. The rest of the shares are divided between Oettinger Group and the managing partners of OASIS Group.
The company’s brand portfolio includes beer brands Avtorskoe, StareMisto, Zhiguli Barne, Oettinger, CervenaSelka, Bavaria, Galitskaya Korona and others, as well as two kvass brands Lvovsky and Drevlyansky.

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