Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Increase in Spanish Cigarette smuggling

Source: AFP - Wed 6th Apr 2011

The sale of smuggled cigarettes in Spain has soared since the government raised the tax rate on tobacco, a spokesman for Franco-Spanish tobacco producer Altadis said Monday.

The company estimates smuggled cigarettes accounted for around 6% of Spain's total cigarette consumption during the first three months of the year, compared to just one percent in all of 2010, the spokesman said. The problem is especially high in the southwestern region of Andalusia as a significant amount of smuggled cigarettes enter Spain from the nearby British territory of Gibraltar, he added.

The prices of cigarettes in Spain have risen by around 40 percent since June 2009 due to a series of tax hikes, with a packet of Marlboro now costing 4.25 euros from 3.10 euros.

Altadis is a unit of Britain's Imperial Tobacco Group, Europe's second-biggest tobacco company. Imperial Tobacco makes Davidoff, West, Drum, Golden Virginia and Lambert & Butler cigarettes while Altadis manufactures Fortune, Gitanes and Ducados.

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs