• Germany edition
Business & Money
Photo: DPA

Recession making German beer cheaper

Published: 15 Apr 09 09:32 CET
Online: http://www.thelocal.de/money/20090415-18643.html

German beer brewers will likely lower their prices to maintain beer sales during the recession, President of the DBB German brewer’s association told daily Berliner Zeitung on Wednesday.

“What concerns us particularly is the reduction of sales in hotels and restaurants,” Wolfgang Burgard told the paper. “In this year we expect sales to drop by three percent.”

Competition between brewers has intensified in recent months, he told the paper. While most breweries raised their prices last year, they have since lowered them in reaction to the recession, he said.

But Burghard refused to acknowledge speculation that the German brewing tradition was dying out.

“Experts have said this since 1977 when the number of beers per head first sank – but the industry is not affected to this day,” he told the paper, adding that some 20 to 25 new breweries have opened in recent years. These breweries are profiting for increased demand for local specialty products, he said.

For this reason Burghard said the beer industry would overcome the current tough economic times.

“A cold summer would hit us much harder,” he said.

DDP/The Local (news@thelocal.de)

What do you think? Leave your comment below.

Fark It! Digg This  Share everywhere
Send to a friend Printable version Twitter This

Your comments about this article:

ADD YOUR COMMENT   (YOU MUST LOG IN OR REGISTER TO MAKE A COMMENT)
Business & Money headlines
Photo: DPA

Daimler books record €6-billion profit

German auto giant Daimler, which own Mercedes-Benz, said on Thursday they achieved record sales and profits in 2011, but warned that earnings may be flat this year. READ »

Photo: DPA

Exports top €1 trillion despite euro crisis

German exports topped €1 trillion for the first time in 2011, but fell at year-end as the eurozone debt crisis hit demand for goods made in Germany, official data showed on Wednesday. READ (4 COMMENTS) »

Photo: DPA

GM threatens major job cuts at Opel

German carmaker Opel was left to prepare for the worst on Tuesday as its US parent company General Motors announced “horrendous” fourth quarter losses and warned of factory closures at its ailing European unit. READ (8 COMMENTS) »

Photo: DPA

Court caps Jewish ghetto pension claims

Some 22,000 Jewish people confined to ghettos under the Nazis during World War II are entitled to smaller pension payments than they initially claimed, a German federal court ruled Tuesday. READ (3 COMMENTS) »

Photo: DPA

Industrial orders rise amid eurozone gloom

Germany, the eurozone's biggest economy, saw the release of further favourable economic data on Monday with industrial orders in December partly reversing steep falls seen the previous month. READ »

Photo: DPA

Former spy boss moves to Deutsche Bank

Ernst Uhrlau, former head of Germany’s foreign intelligence agency the BND, has been on the payroll of Germany’s biggest bank since the start of February, just two months after his retirement. READ (2 COMMENTS) »

Photo: DPA

China offers Merkel some comfort for Europe

China's Premier Wen Jiabao said a stable Europe was key to stability at home, in comments published Sunday, at the end of a week that saw Germany's chancellor visit Beijing. READ (8 COMMENTS) »

Photo: DPA

China doesn't want to 'buy Europe'

As German Chancellor Angela Merkel wrapped up her visit to China on Friday, the Asian giant’s leaders promised they had no intention to "buy Europe," amid concerns over growing Chinese investment in debt-stricken eurozone economies. READ (6 COMMENTS) »

Photo: DPA

Deutsche Bank profits fall as debt crisis bites

Deutsche Bank, Germany's biggest bank reported Thursday a bigger-than-expected drop in earnings at the end of last year as the eurozone sovereign debt crisis hurt business. READ »

Photo: DPA

Euro crisis, earthquakes slam Munich Re profits

Munich Re, the world's biggest reinsurer, said Thursday that profits plummeted last year due to heavy losses from both the eurozone debt crisis and a string of natural catastrophes. READ »

More Business & Money

See all ads | Join the Marketplace

Jobs in Germany, in English

1301 jobs available
841 new jobs this week
181 new jobs today

ALL JOBS »

Latest Business & Money news from Sweden
News from the Goethe-Institut
News from DeutschlandOnline

Toytown Germany
Germany's English-speaking crowd
English-speaking educators (native level)

Hotel reservations in Berlin
Visiting Berlin anytime soon? Book your hotel in Berlin here.
Rental apartments in Berlin
For home-from-home holiday accommodation, search for a Berlin apartment to rent.
Trade CFDs with InterTrader.com
Start trading shares, equities, forex, etc. No commission on equities; Low min. margins. Apply for a CFDs account now!