GREEK TOBACCO INDUSTRY RALLIES AGAINST SERIES OF SETBACKS
January 1st, 2018
The economic crisis, anti-smoking legislation, increased product taxation and new tax regimes for producers are taking their toll on the Greek manufactured tobacco market.
A surge in cigarette prices has depressed cigarette sales and increased fine cut tobacco sales, according to market researchers Euromonitor International. Cigarette sales fell by 6% in the period 2016 compared to 2015 (and 37.7% since 2011) while smoking tobacco sales rose by 2% between 2015 and 2016 (5.2% since 2011).
Indeed, decade since it was introduced, a 2008 smoking ban ...
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