Business news from Ukraine

PARLIAMENT CUTS EXCISE DUTIES ON FRUIT, BERRY WINES TO UAH 0.01 PER LITER – UKRSADVYNPROM’S HEAD

Ukraine’s Verkhovna Rada has passed an amendment to the Tax Code, according to which the excise duty on fruit and berry wines is reduced to UAH 0.01 per liter, Head of the Ukrsadvynprom association Volodymyr Pechko has said. “The Verkhovna Rada reduced the excise duty on fruit and berry wines and equated it to the excise duty on grape wines. Previously, it was equated with liquor and vodka products. This industry was dilapidated when there was ‘draconian’ legislation. And now the conditions are optimal to resume production of fruit and berry wines,” he told Interfax-Ukraine.
According to a comparative table, the tax rate on non-sparkling wines with 1.2-15% ABV will be UAH 0.01 per liter.
According to the head of Ukrsadvynprom, the parliament also agreed on changes, according to which, new producers of wine products will be considered the fourth group of taxpayers using the simplified taxation system.
As reported, the Cabinet of Ministers has increased government support for hop growing, laying of young gardens, vineyards and berries, from UAH 300 million in 2018 to UAH 400 million in 2019.

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LARGE ALCOHOL PRODUCER BRINGS UKRAINIAN WINES TO POLISH MARKET

The Bayadera Group, a large alcohol producing holding in the Ukrainian market, has brought wines under the Koblevo trademark to the Polish market. “Regular deliveries began on November 1. In Poland, 12 positions of wines under the Koblevo trademark will be available: six positions in retail chains and six more – in specialized wine shops,” the group’s press service told Interfax-Ukraine.
Bayadera Group, in particular, intends to work with a major Polish distributor of wines – Ambra. Bayadera Group was established in 1991. Its owners are Natalia Bondareva and Sviatoslav Nechytailo. The company owns such assets in the alcohol industry as distribution companies and alcohol production facilities in Ukraine and Belarus. It produces wine, vermouth and cognac and is the exclusive importer of international alcohol brands in Ukraine. The main trademarks are Persha Gildiya, Kozatska Rada, Hlibny Dar, Koblevo, Marengo, and others.

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