Cigarettes Market Shrinks In Hungary
- 21 Aug 2014 4:00 AM
Hungary’s official cigarettes market has shrunk over the past two years, Thursday’s business daily Világgazdaság said, citing data from the tax office NAV. In January-June this year 3.6 billion cigarettes were sold through legal outlets, compared to 6.2 billion in the same period in 2012.
Legal purchases were the lowest so far in 2013 when 9.3 billion cigarettes were sold in the whole year.
In 2014 cigarette sales are projected to drop even lower, to 8 billion cigarettes.
Hungary introduced a state monopoly on retail tobacco sales in July 2013.
Source www.hungarymatters.hu
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