Azerbaijan: Baltika-Baku to suspend production for two months as from mid-August

Baltika-Baku, part of one of the world’s largest beer producer Carlsberg Group and leader in the brewing industry in Azerbaijan with a market share of over 75%, has announced a decision to suspend temporarily production and bottling of beer at the Baltika-Baku factory since 15 August 2016 for two months, Azerbaijan Business Center reported on June 29.

The company’s statement says that in 2015 the market volume decreased by 20% and in Q1 2016 it fell by another 35% compared to the same period last year. The negative trend is linked to macroeconomic factors and the effects of two devaluations of the national currency, which have a critical impact on the purchasing power of the population.

Suspending production will make it possible for the company to minimize its production costs and will give it the chance to maintain its business profitability in Azerbaijan by the end of 2016, Baltika’s statement says.

29 June, 2016