Calamos Supports Greece

illicit cigarettes

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 year from the sale of contraband tobacco and cigarettes. Tax raises and special levies on cigarettes...

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 European Anti-Fraud Office (OLAF) and the General Secretariat against corruption (AFCOS Greece). The two organizations...

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 estimated 740 million euros in revenue, up from 565 million euros in 2013. The figures...