
Excise increase likely to boost Ukraine’s already growing illicit tobacco trade
The market for licit cigarettes in Ukraine could shrink to 74-75 billion this year from 80 billion in 2012, according to a Kyiv Post story quoting the director for corporate issues at Imperial Tobacco Ukraine (ITU), Yuriy Kyshko. Briefing reporters, Kyshko said that last year had seen growth in the domestic-market consumption of both smuggled […]