Duty Tax Set To Further Dampen Greek Spirits

A rise in duty tax on spirits in Greece is expected to put significant downward pressure on consumption over our five-year forecast period. Spirit sales are already in decline due to the country's economic turmoil and three increases in the tax rate since the start of 2010 have put further pressure on the sector. Duty was raised by 30% in April and 20% in March and February meaning the tax now accounts for around 65% of retail sales value. While this level of duty is comparable to many other European markets it will certainly put pressure on consumption in

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