The quarter of the cigarette sales has disappeared
Only 9.3 billion cigarettes were sold in Hungary in 2013, after the 13 billion cigarettes of 2011 and 12.5 billion cigarettes of 2012.
The increase in the price of tobacco products (20 percent in one year), has contributed significantly to the downturn as well as the fact that cigarettes can be bought at fewer places.
However it seems that the market participants are still satisfied. The BAT Pécsi Dohánygyár Kft. recently announced that the company will build a new plant with an approximately 9 billion HUF investment. The plant will produce 90 percent of the tobacco products for exports.
Related news
Related news
Viktor Orbán: economic growth exceeding three percent is realistic next year
Economic growth exceeding three percent in 2025 is realistic in…
Read more >The pork sector is in a difficult situation: rising costs, falling consumption and changing habits
The domestic and EU pork sector has been facing challenges…
Read more >The Ministry of Finance asks people to spend in an information letter
The Ministry of National Economy (NGM) will inform members of…
Read more >