Lithuania's alcohol excise hike has had no major impact on market

  • 2017-05-17
  • BNS/TBT Staff
A major increase in excise duties on alcoholic drinks that took effect in Lithuania in early March has had no major impact on the country's alcohol market, Swedbank Lithuania's chief economist Nerijus Maciulis said on Tuesday, May 15. "Fears that the excise tax hike will cause a decrease in consumption proved to be unfounded. On the other hand, this means that the shadow economy did not increase, which was in line with expectations," he told BNS, commenting on the latest figures on alcohol excises. Based on figures from the State Tax I...
 
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