Bulgaria Bulgaria's Tobacco Monopoly hikes prices over market war

摘要

Bulgaria's tobacco monopoly Bulgartabac plans to increasing cigarette prices by an average of 27%. The company's CEO Ivan Bilarev pointed out that the new prices were not even as high as the current market situation dictated, but added Bulgartabac would try to maintain them as long as possible. The CEO explained that many competitors have listed one price for cigarettes, but selling at different ones, thus stirring a market war. Bulgartabac's share of the country's cigarette market is about 60%.