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CIS & Baltic States > Ukraine
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Ukraine: Tenfold Production Cut At Feodosia Tobacco Factory

Feodosia Tobacco Factory's (its market share is about 2.6 percent) production totaled 22 million cigarettes in July, whereas it was 237.9 million a year earlier.

In money terms, production declined by 950 percent compared to last year, from 2.712 million to 0.2577 million hryvnias (USD48,600 or Euro44,400). Sales dropped by 570 percent from 2.6306 million to 0.3934 million hryvnias (USD74,200 or Euro67,800). In the second quarter of 2003, the factory manufactured products for 2.369 million...

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