Organised crime driving illicit cigarette factory boom ‘in almost every EU state’

The European Court of Auditors has reported a significant surge in illicit cigarette manufacturing across the EU. This boom is largely driven by organised crime, with almost every member state affected. The illicit trade is estimated to cause a €13 billion loss in tax revenue each year, with nearly one in ten cigarettes produced or smuggled illegally. This loss in revenue has significant implications for the EU's economy, as it reduces the bloc's tax intake and undermines the competitiveness of legitimate businesses.

Why it matters

The illegal trade in tobacco is causing significant revenue losses for the EU. This loss of revenue can impact the EU's ability to fund public services and programs.

Market impact

Markets & countries in focus

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