GREECE’S TOBACCO INDUSTRY: FIGHTING AUSTERITY, CONTRABAND AND ANTI-SMOKING CAMPAIGNS
March 1st, 2012
BY MICHAEL KOSMIDES, IN ATHENS
It is maybe the clearest sign imaginable that Greece is in deep economic trouble: people are smoking a lot less. With disposable incomes falling steeply, Greek smokers are buying far fewer cigarettes. And the contraband sector is booming.
IT is not the best of times for the Greek tobacco industry: with the country's debt crisis, austerity measures and a large-scale anti-smoking campaign, the market is slowly - but surely- beginning to feel an impact. The more than 34,000 million sticks taxed in 2009, fell to 25,000 million sticks ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.