Install

Get the latest updates as we post them — right on your browser

. Last Updated: 05/22/2013

Heat Wave Boosts Kvas Sales

Bloomberg

Kvas maker Deka said Thursday that it is selling three times the amount of the beverage in July as the worst heat wave in almost 40 years spreads across the country.

“We are selling triple the amounts of kvas this year compared with July sales in previous years,” said Deka, Russia’s second-largest maker of the traditional soft drink. Russian kvas sales will rise between 45 percent and 50 percent this year, compared with a 9 percent increase in 2009, it said.

A heat wave in the western part of Russia, the worst since 1972, will last another 10 days, the country’s chief forecaster said July 20. Temperatures have broken July records in dozens of cities in the region, including Kazan, Nizhny Novgorod and Samara, while Moscow may break its all-time record of 36.8 degrees Celsius this weekend.

Kvas is made from bread or malt and can be flavored with sugar, birch sap and fruit. It’s naturally bubbly and contains negligible amounts of alcohol.

Prices for rye and barley, used to make kvas, are rising as the drought curbs supply, Deka said.






Comments via Facebook



Also in Business

Wheels: Opel's New Astra Adds Speed to an Old Standard

Opel's updated Astra provides the same old reliable performance and functionality while adding many modern amenities.

New Publisher Named to The Moscow Times

Ekaterina Movsumova has been selected as the new publisher of The Moscow Times, replacing Ekaterina Son, the paper's parent company Sanoma Independent Media announced on its website Tuesday.

VTB 24, Housing Mortgage Agency Cutting Loan Rates

Following Sberbank, two other major players on the mortgage market, VTB 24 and the Housing Mortgage Agency, announced that they are cutting lending rates, Vedomosti reported.

Moscow Seeks $6.45Bln in Metro Cars

City Hall will hold a first-of-its-kind tender for 2,500 to 3,500 metro cars in August, and the winner will get a 30-year contract.

Paid Parking Limited to Center

The initial plans to introduce paid parking within the 3rd Ring Road were canceled, with paid parking limited to the Boulevard Ring.

Olympics Investors Get More Honor than Profit

The mountains of Sochi are now home to Potanin's slope, Gazprom's gondola lift and Sberbank's ski jump.



print




Most Read
advertising
Moscow Directory
DELIKATNY PEREEZD

Local & intercity moves...

LA BOTTEGA

Over 170 wines on the wine list, mainly from Italy, France and Spain...