Head of Russian delegation to OSCE PA says Ukraine not ready for dialogueRussian Politics & Diplomacy February 25, 5:02
Russian baritone Hvorostovsky cancels concerts due to continuing treatmentSociety & Culture February 25, 3:22
Russian prime minister declares 3rd Winter World Military Games openMilitary & Defense February 24, 22:33
Russia to veto UNSC resolution imposing sanctions on Syria — envoyRussian Politics & Diplomacy February 24, 22:29
Ukrainian MP Savchenko arrives in Donetsk republic to visit Ukrainian prisoners — agencyWorld February 24, 22:25
Russian Defense Ministry surprised over German MPs reaction to Reichstag miniature plansRussian Politics & Diplomacy February 24, 16:32
Iraq's PM orders airstrikes on IS positions in SyriaWorld February 24, 16:09
Nord Stream 2 financing model to be ready by year end - OMVBusiness & Economy February 24, 13:44
Churkin left bright mark in history of Russian diplomacy, Lavrov saysRussian Politics & Diplomacy February 24, 12:20
MOSCOW, January 29. /TASS/. Baltika, a leading Russian beer company with a market share of about 40%, said on Thursday it will close down two breweries and lay off 560 employees amid deteriorating market conditions.
Baltika, which has been part of the world’s fourth largest brewer Carlsberg Group since 2008, said in a statement it had made this decision "amid the continuing general decline of the beer market related to the challenging macroeconomic situation and unbalanced taxation and regulation of the industry in Russia."
The closure of Baltika’s breweries in Chelyabinsk in the Urals and Krasnoyarsk in the Russian Far East from April 30 will cut Carlsberg’s production capacity in Russia by about 15%.
The decision to shut down two breweries is the result of "thorough technical, logistic and financial analysis of Baltika’s production and logistics structure," the brewer said.
"Baltika’s production network has required optimization for several years already but the company was doing everything possible to increase its efficiency and to avoid brewery closures," it said.
"Nevertheless, the existing market situation forces Baltika to take measures to optimize its business and to close 2 of its 10 breweries to maintain the competitiveness and leadership in the Russian market," the company’s statement said.
According to data provided by Russia’s State Statistics Service (Rosstat), the domestic beer market shrank by more than 30% in 2008-2014.
The Baltika brewery is well-known for its Baltika key brand. The brewer also produces more than 30 other beer brands, including Arsenalnoye, Nevskoye, Yarpivo, Tuborg, Carlsberg, Holsten and others.
The Baltika brand enjoys the largest sales in Europe, according to data posted on the company’s website.