Romanian Official Spirits Market Ends 2014 With Two-Digit Declines

02.17.2015 By Mădălina Dediu Panaete

Romania’s official spirits market in 2014 contracted by 20% by volume and 5% by value on the hiked alcohol excise that pushed prices higher and drove consumption to the unfiscalized market, reveal the estimates of Spirits Romania Association.

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Keywords:
spirits
, official market
, black market
, decline