Montenegro to raise cigarette excise tax - report

The specific component will be raised to 50.50 euro ($55.25) per 1,000 cigarettes from 49 euro, while the proportional component will remain unchanged, news agency Mina reported, quoting tobacco companies.

Excise duty on smokeless tobacco products will increase to 190 euro from 145 euro.

In the beginning of July, another increase in the excise duty by approximately the same amount is planned, Mina added.

($ = 0.9139 euro)