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Turkey: Makers of Booze Singing Financial Blues

When Turkey's parliament last summer passed a new law that curtailed when and where alcohol can be sold and also placed new limits on booze advertising, wine and beer manufacturers expressed concern about how these new restrictions might impact their bottom line.

Almost a year later, it would appear that this concern was justified. As the Hurriyet Daily News reports, the recent decision by Efes, Turkey's largest beer maker, to shut down one of its breweries, is highlighting wider difficulties facing Turkey's liquor industry. From the HDN's article:

Players in the sector, especially wine producers, are feeling the pressure of tough regulations as alcohol fights to survive in a tough environment.

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Turkey: Makers of Booze Singing Financial Blues

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