In Ukraine, the cognac will rise by a third

В Украине коньяк подорожает на треть

In Ukraine, more expensive cognac

The price increase is expected in February.

Excise duties on brandy from 1 January 2018 in the Ukraine grew by 20%, and since February, prices for finished products may rise by a third. This is stated in the law on amendments to the Tax code of Ukraine on the website of the Verkhovna Rada, according to the Country.

It is noted that the new excise duty on import of cognac will make nearly UAH 127 100 percent alcohol. Thus, the price of liqueur and brandy products in the month of February could rise by a third.

Meanwhile, the excise tax on other types of alcoholic beverages remained at the level of 2017. The experts of the Ministry say that the policy of the government aimed at an increase in import duties gives rise to emergence of uncontrolled market surrogate and smuggled alcohol. The shadow market of alcoholic beverages in the country today is up to 60 percent.

The last time alcohol prices in Ukraine rose in October 2017 by 18%.

As reported, due to the increase in excise duties in Ukraine will rise again cigarette.

We will remind, in September 2017 Ukraine has again risen in price alcohol.