GERMANY TOBACCO INDUSTRY FEATURE
June 1st, 2006
BY ALAN OSBORN
IN the space of less than three years the German cigarette market has gone from being Europe's most stable, profitable and legislation-free into one beset by obstacles almost everywhere you look. In the words of an independent report just issued by the market number two British American Tobacco, the industry has "overnight....found itself confronted with the basic problems that characterise Germany's image as a business location: weak sales, cost pressure, job cuts, the threat of relocating production abroad, taxes that invite abuse, ...
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