Business news from Ukraine

UKRSPYRT SEES 10-FOLD RISE IN SPIRIT EXPORTS IN H1 2016

8 July , 2016  

KYIV. July 8 (Interfax-Ukraine) – State-run enterprise Ukrspyrt exported 151,830 decaliters of products in H1 2016, while 15,200 decaliters were shipped to foreign markets in H1 2015.

The company said in a press release that in 2015 it exported around 140,000 decaliters.

“In the past years the key sales market for Ukrspyrt was Ukraine. However, according to independent experts, the decline is seen on the Ukrainian vodka market and demand on spirit is falling too. Exports markets are an alternative for us,” Ukrspyrt Deputy Director Serhiy Bleskun said.

He said that the company needs support at the official level. Clear rules for price formation should be approved. The clients’ base should be determined: the companies with which Ukrspyrt can work without a threat of being accused in inappropriate steps.

On July 6, 2016 a meeting with representatives of Hungary’s Gyor Distillery was held. An agreement to supply Ukrainian spirit to Hungary was reached.

“This is not the first experience with the Ukrainian manufacturer. We received the first batch of products this spring. At the today’s meeting we agreed that Ukrspyrt will deliver rectified ethyl spirit to Gyor Distillery. I am sure that cooperation would be mutually beneficial,” Gyor Distillery CEO Gabor Karodi said.