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Financial Crisis in Greece Continues to Drive Consumers to Illegal Tobacco Products

With a steady increase of taxes on cigarettes, the state has fallen short of cashing in as the market share of illegal tobacco products...

Increasing Cigarette Tax Driving Consumers to Illegal Tobacco Market

According to sources, the Greek state has missed out on an opportunity to reap around 800 million euros in tax revenues due to tax...

730-Million-Euro Losses by Illegal Tobacco Trade

The Foundation for Economic and Industrial Research (IOBE) noted on Thursday that any efforts to raise taxes on tobacco products in Greece will only lead...

Draft Legislation for the Illegal Import of Tobacco in Greece

Greek State Minister Panagiotis Nikoloudis presented on Thursday the government’s draft legislation to suppress the cigarette and tobacco "black market." The law introduces production line inspection, as well...

Police Raid Illegal Cigarette Manufacturing Facilities Near Athens

Greek police seized 70 tonnes of smuggled tobacco and 8.8 million cigarette packets at two illegal tobacco manufacturing facilities in Aspropyrgos, west of Athens. A...

IOBE Warns New Tax Hikes on Tobacco Products Will Cause Loss of €100 Million...

On Monday a new report by the Foundation for Economic and Industrial Research (IOBE) warned that the new tax hike to be placed on tobacco...

Higher Excise Taxes on Alcohol and Tobacco Result in Loss of State Revenue

Higher excise taxes on alcohol and tobacco are forcing consumers to turn to contraband products and subsequently lead to reduced state revenues, industry experts...

Tobacco Smuggling: Smoking the Taxes Away

More than 33 million packs of illicit cigarettes have been confiscated in the Greek and Cypriot customs at the end of January by the...

Contraband Tobacco Costs Greece Up to €1 Billion a Year

The Greek government is losing up to 1 billion euros every year from the sale of contraband cigarettes and tobacco. Last year, Greece lost an...

SDOE Targets Tobacco Smuggling

The bulk tobacco ban of 2013, reminds of the ban imposed in Greece 130 years ago as the country's financial crimes squad SDOE is...

Child Labor in Greece Decreases Despite Crisis

Child labor in Greece is decreasing, despite the economic crisis, according to the latest UNICEF figures from 2014. As presented in the UNICEF report entitled...

Contraband Cigarettes Cost Greece up to €1 Billion per Year

As no Greek government has managed so far to banish smoking in public places, the State is losing close to 1 billion euros every...

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