Monday, January 27 2025 17:28
Naira Badalian

Armenia`s CPC proposes to reimburse excise tax to genuine producers  of fruit vodka

Armenia`s CPC proposes to reimburse excise tax to genuine producers  of fruit vodka

ArmInfo. The  Competition Protection Commission (CPC) is suggesting offering a subsidy  equivalent to the excise tax to genuine fruit vodka, Gegham Gevorgyan, the chairman of the department, said during the final press conference of 2024 on January 27.

Gevorgyan highlighted the challenges face by the fruit vodka market,  including the presence of counterfeit products. Thus, research in the  field of fruit vodka production has revealed the use of wheat or  other alcohols with added flavors, posing issues for both businesses  and consumers.  To address this, the department has come up with an  initiative of providing a subsidy equivalent to the excise tax for  genuine producers of fruit vodka.

Gevorkyan hopes that this proposal will spark extensive discussions  in the near future and be implemented soon, contributing to both  business growth and consumer protection.