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Ukrainian illegal cigarette market shortened tenfold

25.03.2016 17:43 "Agro Perspectiva" (Kyiv) Within 2015, the illicit cigarette trade accounted for 1.1%-1.2% of total market volumes in Ukraine, much down against 10% registered in 2013, UNIAN says referring to the CEO of Philip Morris Ukraine tobacco company Artem Chernis. As to Chernis, this market change is related to the tightening of State control and efforts undertaken by market participants themselves; the weakening of the national currency has also made illegal import of cigarettes less profitable. Besides, Chernis also noted a growth in a lower price market segment, which has resulted from shortening of the illegal cigarettes market share.

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