The calendar is valid until 2017.
The weighted average retail price is EUR130.07 per 1000 cigarettes and RON11.1863 per cigarette pack, respectively, for 2011.
Under the regulated calculation mechanism, the level of the specific excise duty for the July 1, 2012 – June 30, 2013 period, expressed in euro per 1000 cigarettes, is EUR53.18 per 1000 cigarettes, considering the ad valorem excise duty decreases from 21% to 20% of the average sale price. Thus, the fixed excise duty rises by EUR1.7 per 1000 cigarettes, from EUR51.49, which equals an impact of 3.4 cents per cigarette pack (RON0.15).
Starting July 1, the minimum excise duty will be EUR76.5 per 1000 cigarettes, up by EUR2.5 compared to EUR74 per 1000 cigarettes.
According to data from the statistics institute, the price of tobacco and cigarettes rose 6.5% in 2011.
Romania’s legal cigarette market exceeded EUR3.3 billion in 2011. Cigarette producers Japan Tobacco International, Philip Morris and British American Tobacco, the main players in the local tobacco industry, poured around EUR2.75 billion in excise duties and sales tax into the consolidated budget. (EUR1=RON4.378)