Kiosk owners have warned the finance ministry that proposed increases in EU tobacco taxes could dramatically raise cigarette prices in Cyprus and boost smuggling from the north.
In a meeting with the customs department on Friday, the kiosk owner’s association (Sykade) said the EU’s planned excise hikes could push a pack of cigarettes from €4.50–€5.00 to €7.00–€7.50 and rolling tobacco from €7.00 to €13.00.
Sykade argued this would do irreparable
