Portugal: Exports help beer industry resist the crisis

Portugal’s brewing industry has so far been able to resist the crisis due to exports, Francisco Gírio, the Secretary-General of the Portuguese Brewers's Association (ACPV), was quoted as saying by Visao on August, 2.

However, to boost sales, the government must reduce the VAT rate on restaurants, he said.

The nation’s beer industry exports about 40% of its output, which represents about EUR 300 mln in money terms. Angola is the main export destination for Portuguese beer.

07 August, 2013