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

Gas Coordination Group sees overall good level of preparedness of EU Member States and Energy Community countries in case of gas crisis

The Gas Coordination Group, chaired by the Commission, met this afternoon to analyze in detail all elements of the preparedness of the EU and the Energy Community for a potential supply disruption in the Winter 2009/2010. more »

Joint statement by Commission and IMF after European Banking Coordination Initiative Meeting for Romania

In a meeting of the European Bank Coordination Initiative Group, held in Brussels, the parent banks of the nine largest banks operating in Romania reaffirmed their commitment to maintain their exposure to the country and ensure adequate capital levels over 10 percent for their affiliates. more »

Lithuania and Vilnius Turning to a More Inviting Destination

Airline airBaltic has informed of its plans to resume some flights from Vilnius International Airport before the end of this year. more »

Commission approves restructuring plan of Lloyds Banking Group

The European Commission has approved under EC Treaty state aid rules the restructuring plan of Lloyds Banking Group. more »

"Finance and climate change" - a challenge for the future

"Finance and climate change" was under discussion at a 10 November hearing in parliament's Industry, Research and Energy Committee. more »

IMF Announces Sale of 2 Metric Tons of Gold to the Bank of Mauritius

The International Monetary Fund announced today the sale of 2 metric tons of gold to the Bank of Mauritius, the nation’s central bank. more »

The new ten winners of Danske Bankas scholarships for the 2009–2010 academic year determined

After lots were drawn, ten winners of Danske Bankas scholarships and one winner of an iPod shuffle player were established. more »

Bank SNORAS begins distributing “Finasta Asset Management” II level pension funds

From 16 November 2009, AB Bank SNORAS network starts providing new products – one can sign agreements of “Finasta Asset Management” II level pension accumulation funds in all subdivisions of the bank. more »

Baltic Rim Outlook: uneven recovery

The expected turnaround in the Baltic Rim economies is likely to gradually improve the business opportunities for Nordic companies operating in the region. more »