Bulgarian cigarettes Increase 1.10-1.40 EUR per box

Between 1.10 and 1.40 Euro per box will be appreciation of Bulgarian cigarettes from next year because of soaring duty, notify the Executive Director of Darik Bulgartabac Holding Bilarev Ivan.

So the best selling brands in our „Victory“ will cost between 4.50 and 4.80 Euro per box. Currently the price is 3.40 euro.
According Bilarev overall lifting of the excise duty on cigarettes will hit serious business. Budget committee in parliament has decided to excise duty on cigarettes is 101 euro for 1000 plus 23% shorter than the selling price. The proposal of the Ministry of Finance was a duty of 74 euro for 1000 plus 36% shorter than the selling price. By decision of the committee, however, will shrink the boundary between expensive and cheap cigarettes.
Prices for this option, which adopted the budget committee will be slightly lower than if he had the old version, at least by 10 cents. Smoking in any event would jump by between 1.10 to 1.40 leva box Bilarev said. According to him the whole market will shrink. Our expectation is that market share will decline Bulgartabac Holding. We expect a decline in sales and a whole lot of smokers will probably give up smoking, some will be looking for cheap options from neighboring countries, for example, predicts Bilarev and added that in general for all manufacturers and importers is not good.
Asked whether it was intended to increase or decrease production of certain cigarette brands, the head of Bulgartabac commented: We are not planning to increase or decrease production, the market will tell.

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Finance

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