NewsWhore
04-19-2007, 03:00 PM
The Presidente beer brewery, Cerveceria Nacional Dominicana has announced that it will not be sponsoring the Presidente Latin Music Festival this year. The brewery explained they have suffered a 20% decline in the beer market in the first quarter of the year, and a 30% decline in beer sales. Sales declines are attributed to the new taxes levied on beer this January, that made beer much more expensive, as well as to the effects the limitation of hours for the sale of alcohol already had on beer sales.
The decision has been met with much disappointment and musician Hector Acosta said that the country's economic situation isn't the best and that it is sad that Dominican talent will not be able to perform for the public.
More... (http://www.dr1.com/index.html#11)
The decision has been met with much disappointment and musician Hector Acosta said that the country's economic situation isn't the best and that it is sad that Dominican talent will not be able to perform for the public.
More... (http://www.dr1.com/index.html#11)