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Colombian beer market booms

Speaking at the Cartagena World Economic Forum, the CEO of beer brewer SABMiller announced that Colombia is now the company's most profitable beer market worldwide, the Wall Street Journal reported Wednesday. The Andean nation's beer sales were some of the least affected and fastest to recover from the global economic downturn, which hit the beer industry hard, said the company's CEO, Graham Mackay, at the World Economic Forum (WEF) on Latin America in Cartagena. The Colombian government hiked the tax on beer from 3% to 14% from February 1st 2010, and has plans to raise it to 16% from January 1st 2011.

written on 10.04.2010 um 11:32.


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