UKRAINE TOBACCO SECTOR IN TIME OF UNCERTAINTY AS GOVERNMENT REFORMS TAX SYSTEM AND TAKES ON SMUGGLING
April 2nd, 2020
With low labour costs and stable local demand, Ukraine has long been one of the favoured bases for major tobacco companies. However, even without taking into account before the disruption caused by the Covid-19 crisis, the market has been in flux in recent months as the new Ukrainian government has made efforts to change tobacco taxation while ramping up its fight against tobacco smuggling.
“We have to admit that the operating climate in Ukraine is quite challenging and not always predictable,” said Olena Grynovska, spokesperson for Japan Tobacco ...
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