President agrees about higher taxes on cigarettes

As the Czech crown weakens, the Czech republic slowly starts to fail paying rates established by EU. As a solution to the problem, the president had agreed to higher excise taxes, affecting cigarette and oil prices.

Recently, the chamber of deputies made a norm which would make cigarettes and other tobacco products more expensive. However, the taxes laid upon tobacco products might increase even more. That suggestion has raised a concern that more smokers would use a black market, making the norms useless.

The norm also affects support for Czech farmers, so-called “Green Diesel”. Last year such support was terminated, but the norm plans with its return.