Like tobacco, state may control alcohol sales

Following the Hungarian government’s introduction of national tobacco stores, Parliament is now planning to introduce national beverage stores, reducing the number of places where alcoholic beverages can be purchased and controlling those sales, Hungarian online daily napi.hu reported today.

Unanimous sources confirmed that the concept of national alcoholic beverages stores has been finalized, the daily reported. The whole system of distribution is expected to be similar to the national tobacco stores; thus all sales of alcoholic beverages would be centrally controlled. The daily added that, according to rumors, alcoholic beverages would only be sold in special, government licensed stores.

When tobacco was controlled this way, beginning last year, the number of legal outlets for tobacco was reduced from around 40,000 to around 7,000, according to the World Health Organization. There has been a subsequent rise in illegal cigarette sales reported.

Deals

Akko Invest Board Recommends Refusing Mevinvest’s Share Purchase Offer

Innovation

Minister Points to Need for Promoting Use of AI Among Businesses

Figures

IMF Growth Projections Put Hungary Among EU Frontrunners

HR

The New Benchmark for Success

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.