Sale of Smuggled Cigarettes in Greece

in Business Security

In 2010 and 2011, an estimated $4.4 Billion (3.5 Billion Euros) worth of smuggled cigarettes were sold in Greece, according to the Associated of Hellenic Tobacco Industries. The sale of black market cigarettes represented about 15 percent of the total cigarette market in Greece.

Previously, it was reported that the Government of Greece was losing $654 Million (500 Euros) in tax revenue due to cigarette smuggling.

Source:  Anestis Dokas, “Smuggled cigarettes tak up 15 pct of market,” ekathimerini.com, September 2, 2012.

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