Thu May 31 06:18:24 200717

Fetching...
 
YOU ARE HERE: Homepage > Newsdesk > Article
Cigarette prices to rise in Kazakhstan-to 32 cents
06 Apr 2007 09:09:08 GMT
Source: Reuters
ALMATY, April 6 (Reuters) - Cigarette smokers in Kazakhstan will soon have to dig a little deeper when buying a packet after the government introduced a minimum price of 40 tenge ($0.32) per packet.

No reason was given for the new law, published in state media on Friday. The government has restricted cigarette advertising but smoking is widespread, tolerated in most restaurants and bars and there is relatively little discussion about its health implications.

The cheapest cigarettes for sale before the new rule comes into force cost about 35 tenge for a standard pack of 20.

The vast Central Asian state grows tobacco and global cigarette firms like Philip Morris <MO.N>, Gallaher <GLH.L> and Japan Tobacco Inc <2914.T> have set up factories to produce the product for local consumption and export.

The presence of producers and low taxes mean that Kazakhs, earning average monthly salaries of $370, pay less for cigarettes than their poorer ex-Soviet neighbours. ($=123.46 tenge)
AlertNet news is provided by

Delicio.us  |   Digg  |   NewsVine  |   Reddit                                                                                  Permalink
Thumb for /thefacts/imagerepository/RTRPICT/2007-05-30T155653Z_01_ALM03_RTRIDSP_2_KAZAKHSTAN_mainimage.jpg|/thenews/pictures/ALM03.htm
Thumb for /thefacts/imagerepository/RTRPICT/2007-05-07T171949Z_01_ALM01_RTRIDSP_2_KAZAKHSTAN_mainimage.jpg|/thenews/pictures/ALM01.htm

Galym Ageleuov holds a poster during a protest, against the constitutional amendments allowing President Nursultan Nazarbayev to stay in office for life, in the main square of Almaty May 30, 2007. The poster reads: "Kazakhstan - free country".



URL: http://www.alertnet.org/thenews/newsdesk/L06431451.htm

For our full disclaimer and copyright information please visit http://www.alertnet.org