Black Market Tobacco Seizures in Hungary

in Business Risk

According to the Tax and Customs Authority in Hungary, security authorities seized 68 million cigarettes that were being sold on the black market. In the first 10 months of 2013, the number of cigarettes seized increased to 85 million.

The price of a pack of cigarettes in Hungary has increase in recent years. In 2011, the price for a pack was $2.76 (600 Hungarian Forints). In 2013, the average price increased to $4.61 (1,000 Forints.)

Source:  AFP, “Hungary turns to black market for a smoke,” Google News, December 24, 2013.

Previous post:

Next post: