The alcohol drinks sector in Greece 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, ANA reports.
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 rise 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.
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