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Croatia changes cigarette taxes to please EU  

Jump to full article: Reuters, 2009-03-10

Intro:

Croatia decided on Tuesday to end preferential treatment for the country's sole tobacco manufacturer, which has angered the European Union, and tax local and foreign cigarettes equally.

Failure to give equal footing to foreign tobacco manufacturers and Tvornica Duhana Rovinj (TDR) ADGR.ZA, has for months blocked progress in the 'tax chapter' of Zagreb's EU accession talks.

TDR's market share in Croatia is 85 percent, while it takes some 27 percent of the market in former Yugoslavia where smoking is very popular.

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