Smokers in Greece Face Significant Price Hike
Smokers in Greece are facing a potential price increase of 50% for a pack of cigarettes, from €4.60 (around $5.30) to approximately €7.00 ($8).
This hike is a result of a proposed tax reform by the European Commission, aiming to generate substantial tax revenue and align taxation with public health goals.
- The reform involves revising the Tobacco Taxation Directive (TTD) and introducing a new European levy (TEDOR).
- The goal is to modernize the EU’s tobacco tax framework, which has not been significantly updated since 2011.
- The proposal centers on raising the minimum excise duties on nearly all tobacco and nicotine products.
No direct quote available in the given text.
Author's summary: Smokers in Greece may face a 50% price hike due to EU tax reform.
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