Increasing excise taxes leads Russian tobacco in the shadow »

Proizvodstvo04-09-2008 increase in excise tax takes Russian tobacco to "shadow" Leaders of the Russian tobacco market in Russia have announced price increases for its products. Reasons - inflation and the increase of excise duties, which provided the framework convention on tobacco control, which we signed this spring. The current rise in prices will be negligible, say the manufacturers of tobacco products. The company JTI, the leader of the Russian tobacco market in September to increase the maximum retail prices (MRC) to 10% on some of its key brands - Camel, Mild 7, and "Russian style". Almost at the same rate to the top of the fall season have increased IRC and competitors JTI - BAT, Philip Morris and Imperial Tobacco. All the products included in the consumer basket, from the beginning of the year rose by no less than 15%, experts say, but the tobacco companies because of the MRC are forced to regulate the price changes. From September 1 to raise the IRC on its brand West and Imperial Classic from 21 to 23 rubles. and from 9,5 to 12 rubles. respectively, the company plans to Imperial Tobacco. Russian office of British American Tobacco (BAT) has sent an information letter to retailers warning of a change in the IRC at the end of May.