November 24, 2017

EU’s new tobacco products directive to cost Romania 19,000 jobs and EUR 200 mln in taxes

According to a Roland Berger study commissioned by cigarette manufacturer Philip Morris, Romania is one of the EU countries which stand to lose the most if the proposed revisions of the current EU Tobacco Products Directive (TPD) will pass in the current for. Up to 19,000 direct and indirect jobs could be lost locally and tax revenues generated by the industry could drop by up to EUR 200 million, shows the study. At EU level the directive could generate 175,000 job losses and up to EUR 5 billion in lost tax revenue. The main proposed revisions to the TBD are the introduction of pack standardization by making the use of large pictorial health warnings mandatory on cigarettes and roll-your-own tobacco (RYO) and increasing the surface covered by health warnings to 75 % of the front and the back of the package compared to 25 % at present, the ban of slim cigarettes and cigarettes, RYO and smokeless tobacco products with characterizing flavors.

Source: Business-Review (read more)

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