Fazer’s Concerns over VAT Increase on Sweets: Will it Hurt the Food Industry?

The food industry is expressing concerns over the government’s decision to increase the VAT rate on sweets, which will result in higher prices for consumers. Fazer, a prominent food group, has expressed its dissatisfaction with this move, stating that it will negatively impact competition in the delicacy products market and goes against the EU’s neutrality principle. CEO Christoph Vitzthum released a press statement that Fazer is uncertain about how this decision will affect their business and potential investments such as constructing a new chocolate factory in Lahti.

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