New Market Report: Cigarettes in Serbia
In 2013, cigarettes in Serbia continued to be impacted by a marked increase in illicit trade, particularly for RYO tobacco. This was linked to sharp price increases for cigarettes as a result of higher taxation, with many price-sensitive consumers thus switching to cheaper options. This resulted in a striking 329% surge in retail volume sales of RYO tobacco in 2013 over the previous year but many more consumers are opting for illicit purchases in this area. Illegal RYO tobacco can...
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