Profit from Russia

Published: 18 September 2000 y., Monday
Putin-brand vodka hit liquor stores in Lithuania on September 15, raising eyebrows but also inspiring admiration for what many said was a clever marketing ploy to profit from Russian President Vladimir Putin's name. Putin Vodka, produced by Lithuania's large Alita distillery, features a label in white, blue and red, the colors of Russia's national flag. "Putin" is written in large white letters across the bottle. Because of its name, Putin Vodka has received widespread coverage in the local press, prompting envy from other companies that normally have to spend lavishly on advertising to publicize their new product lines. Alita spokesmen have insisted that the brand wasn't meant to refer to the Russian president. They said it derived from putinas, or snowball tree in English, a red-berried tree found in Lithuania. But most observers said they didn't believe the denials, saying the association with the Russian president couldn't have been accidental. The more the company denied the link, marketing experts pointed out, the more publicity Alita received. The bottles of Putin almost certainly aren't meant to pay homage to the Russian president. Most Lithuanians have expressed deep suspicion about Putin's past working for the Soviet secret police, saying he can't be trusted. The new vodka is currently sold only in Lithuania, though the distillery said it could later decide to export it, even to Russia. There's no word on how the Russian president, who is said to be a teetotaler, feels about the namesake vodka.
Šaltinis: balticsww.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Bankers have lost their friends in Davos - EP vice-president

Reform of the banking system was one of the key themes at this year's World Economic Forum in Davos, with bankers coming in for a lot of criticism. more »

Support small firms while tackling the crisis, say MEPs and experts

Small firms have been hard hit by the economic crisis, and so must be given incentives and support, including easier access to credit, help with innovation, tax breaks and less red tape, MEPs on Parliament's Special Committee on the Financial, Economic and Social Crisis (CRIS), and experts agreed at a workshop on Monday. more »

Reopening of trade negotiations between the EU and Central America within sight

The elections and investiture of Porfirio Lobo as President of Honduras have cleared the way for the EU to restore normal relations with the Central American country and negotiations for signing a bi-regional Association Agreement may soon resume. more »

European Globalisation Fund set to help workers in the furniture manufacturing and clothing industries in Lithuania

The European Commission has approved applications from Lithuania for assistance under the European Globalisation Adjustment Fund (EGF). more »

State aid: Commission takes Italy to Court for failure to recover illegal aid from hotels in Sardinia

The European Commission has decided to refer Italy to the European Court of Justice (ECJ) on the basis of Article 108(2) of the Treaty on the Functioning of the European Union (TFEU) for failing to comply with a Commission decision of July 2008. more »

EBRD’s first investment in deposit insurance entity

The EBRD is helping to strengthen the financial sector in Bosnia-Herzegovina (BiH) with a €50 million credit line to the Deposit Insurance Agency of Bosnia and Herzegovina (DIA), the Bank’s first investment in a deposit insurance entity. more »

EBRD’s first investment in gas sector in Bosnia and Herzegovina

In its first investment in the natural resources sector in Bosnia and Herzegovina, the EBRD is providing a €17 million sovereign loan to finance the gasification of the Central Bosnia Canton. more »

EBRD supports private businesses in Armenia

The EBRD is increasing the availability of financing to private businesses in Armenia with a $5 million credit line and a $3 million trade finance facility to ArmSwissBank for small and medium companies (SMEs). more »

European Commission: Lithuania Has Taken Effective Action

On January 27 the European Commission assessed the action taken by Lithuania, Malta, Latvia and Hungary in response to recommendations proposed by the Commission and endorsed by the Council in July 2009 in respect to the correction of their respective budget deficits. more »

Lithuania’s GDP Growth Largest in EU in Q3

EUROSTAT announced that Lithuania’s GDP rose by 6.1 % in the 3rd quarter of 2009 versus the previous quarter. more »