The tobacco industry received the Commission's proposal well

According to the Hungarian Association of Tobacco Industry Investors (DBMSZ), the Parliamentary Budget Committee’s proposed amendment will be beneficial for both the state and the manufacturers. According to the proposed amendment, the excise tax on tobacco productswould be increased in one step and with a much lower extent, than it was previously planned.

Sánta János, President of DBMSZ who is also the president of the only Hungarian-owned tobacco factory, the Continental Dohányipari Zrt. told MTI that with the amendment the entire Hungarian tobacco industry can “get air”. According to the expert, the previously proposed excise tax increase could have desroyed the whole domestic tobacco industry. (MTI)