Impending tobacco tax hikes in Greece linked to EU fiscal discussions

Consumers in Greece are facing significant price increases for tobacco products, with market projections estimating a cost hike between 4.80 and 6.50 euros per pack. These anticipated price adjustments affect both traditional cigarettes and various electronic nicotine products, reflecting shifts in market pricing strategies and potential regulatory changes.

The broader context of these hikes involves an upcoming ECOFIN meeting scheduled for November 9, 2026. European Union officials are reviewing outdated tax regulations with the goal of aligning fiscal policies with public health objectives and market dynamics. Reports indicate that Northern European states are particularly pushing for an increase in minimum excise duties across the EU to bolster the European budget, extending these taxes to include new nicotine-based products.

In response to these developments, the Greek government has adopted a cautious position. Athens is seeking to secure transition periods to prevent consumer shock and to implement safeguards against the potential rise of illicit tobacco trade. Future updates depend on the outcome of the November ECOFIN summit, where final decisions regarding the scope and implementation timeline of these tax revisions are expected to be addressed.