RUSSIA CIGARETTES
March 1st, 2005
BY MARK ROWEIT is tempting to think that all is well in the Russian cigarette market. And, in fairness, in many ways this is the case. Filter and light cigarettes production is growing, while the manufacture of plain cigarettes and filterless papirossi is decreasing. In turn, the international companies are enjoying healthy returns as levels of disposable income rise in Russia and smokers switch increasingly to high-end products.The figures from 2004 look good: Russia is the world's fourth largest cigarette market. Approximately two-thirds of Russian men and ...
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