Calamos Supports Greece

Tobacco Smuggling

IOBE Warns New Tax Hikes on Tobacco Products Will Cause Loss of €100 Million Euros State Revenue

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 products starting January 1, 2017 will actually cause a 100 million euro annual loss in...

Abducted Man Found Dead North of Athens

A 60-year-old man who was abducted on April 16 in Aspropyrgos, west of Athens, was found murdered north of the capital at Mornos river in Viotia. The victim, an ethnic Greek from Kazakhstan, was found dead at the irrigation channel...

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...

Tobacco Smuggling Soars In Greece

With the government increasing taxes across the board, more Greeks are turning to buying smuggled tobacco products, costing the country at least 600 million euros ($780.5 million) in lost revenues from 2011-12, a survey by the Center of Planning...

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 again trying to crack down on the elusive crime of tobacco smuggling, which has a...