Market Report, "Cigarettes in Slovakia", Published
In May 2012, the new Slovak government, elected in March of the same year, decided to take steps to tackle the fiscal deficit and bring it down to under 3% of GDP, as agreed by the accession treaty with the EU. Therefore, a new set of potential austerity measures was introduced, with one of the first planned steps being to introduce higher excise tax on tobacco products. This increase is set to take place in late 2012 as opposed to...
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