Wine & Spirits

Survey: Alcoholic Drinks Sector Hit by the Pandemic

December 8, 2020

ΑΤΗΕΝS — The alcohol drinks sector has been hit strongly by the pandemic and the lockdown, the Foundation for Economic and Industrial Research (IOBE) said in a report released on Tuesday, adding that estimated losses in sales this year will reach 40 pct, while tax revenue losses will reach 380 million euros.

The sector contributed 2.3 billion euros to Greek GDP in 2019 and has a workforce of 66,000 jobs. The report said that high taxes on alcohol drinks during the economic crisis contributed to a surge in illegal alcohol. A reduction in spending on alcohol up to 2019 led to a reduction of GDP by 1.2 billion euros and a decline in employment by 34,000 compared with 2009. IOBE said that combatting contraband alcohol will have multiple benefits for tax revenue streams, public health, the sustainability of several enterprises and employment.


They were shunted aside for more fashionable French varieties that took their place for years but old Greek grape varieties proved you couldn't keep them down and are coming back again.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


Greek-American Cornell Student Rescues Man on Subway Tracks in the Bronx

NEW YORK – Greek-American Cornell University senior Bryce Demopoulos rescued a man who had fallen on the subway tracks at the Third Avenue-138 Street station on the No.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.