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• Croat tobacco firm sees double-digit fall in sales 

Jump to full article: Reuters, 2009-03-26

Intro:

Croatia's sole tobacco producer, TDR, said on Thursday it expected a double-digit fall in sales this year due to higher excise duties on local tobacco products, which the government imposed under EU pressure.

Earlier this month the government decided to end the preferential treatment of local tobacco manufacturers and tax local and foreign cigarettes equally, as part of its European Union accession drive.

The measure, under which excise duties on TDR's products rose 27 percent, will take effect on June 1.

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