Sun, Nov 22 2009

InBev marks 10 years in Bulgaria

Mon, Jun 20 2005 02:00 CET byBusiness Staff 408 Views
InBev marks 10 years in Bulgaria

INBEV, one of the largest producers of beer in the world and a leader in sales in Bulgaria, this week celebrated 10 years in the country.
The company operates on the Bulgarian market through Kamenitsa AD and is one of the largest investors here. It owns Kamenitsa and other local brands like Astika, Bourgasko Pivo, Pleven and Slavena, and sells Stella Artois, Beck's and Staropramen (also produced locally) on the Bulgarian market.
In its first 10 years in Bulgaria, InBev has introduced a series of innovations and varieties of beer entirely new to Bulgaria, and developed the beer market as a whole, the company's country manager and board chairman of Kamenitsa AD, Andreas Seemuller, told a news conference on June 14.
Beer consumption in Bulgaria dropped by 8.3 per cent in the first five months of this year, because of the cool weather and the 50 per cent excise duty imposed from the beginning of 2005.
Sales of beer were 140 000 to 150 000 hectoliters less than at the same time last year, Seemuller said.
However, he expressed hope that in the summer months to come the consumers would "rediscover their favourite drink and the beer market will reach the volume of sales typical for the hot season".

 

Write comment

Name:Comment:

Generate new code
Send your comment

More in this category

Bulgarian MPs resurrect proposal to raise spirits excise

Strong public opposition to price hikes prompted Prime Minister Boiko Borissov to axe the Finance Ministry proposal to increase the excise duty on spirits, but MPs have put it back on the agenda.

Back to the future

Bulgaria’s Cabinet seeks to reverse recent changes in the telecommunications sector

At a crossroads, again

Kremikovtzi’s prospects for a recovery plan appear increasingly distant

Cash or card?

Bulgarians are getting the hang of debit and credit cards, MasterCard says

Bulgarian telecom Spectrum Net acquires local peer Orbitel

The two telecoms, both set up to challenge former fixed-line state monopoly BTC, will merge operations and expect to report 20 million euro in revenue and a gross profit of five million euro in 2010.

© 2000-2009, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.