Smokers targeted for additional revenue

Oct 01, 2009
Staff and wire reports

RIGA - British American Tobacco Latvia is shutting down its production plant in Riga at the end of September, letting go 223 employees in the process, reports news agency LETA. The company blames the country’s high excise tax, which has significantly increased the prices for cigarettes and boosted the black market trade, cutting into its own sales. Corporation Relations Manager Marita Jansone says that the plant will be cleaned out and handed back to the landlord - the state of Latvia - with ...

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