Smokers in Greece Face Significant Price Increase
Smokers in Greece may see the cost of a pack of cigarettes jump by 50%, from approximately €4.60 to €7.00.
This potential hike is a result of a proposed tax reform by the European Commission, aiming to increase tax revenue and align taxation with public health goals.
- Revision of the Tobacco Taxation Directive (TTD)
- Introduction of a new European levy (TEDOR)
The initiative seeks to modernize the EU’s tobacco tax framework, which hasn’t been significantly updated since 2011.
The core of the Commission’s proposal is to significantly raise the minimum excise duties on nearly all tobacco and nicotine products.
Author's summary: Smokers in Greece face a 50% price increase due to EU tax reform.
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