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Report says end of duty-free will be “devastating”Report says end of duty-free will be “devastating”
14-Dec-2002
ESTONIA. A recent report by Ernst & Young said the loss of duty-free will be ?devastating? if the business is abolished when Estonia joins the EU. The government in Estonia ordered an investigation into the effects of a ban on business in the country. The findings make grim reading for the country?s tourism trade and ferry business. According to the report, retail sales help subsidise ticket prices, which could rise by 60%. This could lead to a 30% fall in passengers.
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?ESTONIA. A recent report by Ernst & Young said the loss of duty-free will be ?devastating? if the business is abolished when Estonia joins the EU.
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(6-Jun-2003) - Estonia is in the next wave of nations due to join the European Union, with the EU now satisfied that the country?s economy meets the criteria for joining. And though the general outlook for business in the country is positive, EU membership brings challenges as well as opportunities for duty-free operators. By Jonathan Brown.
(18-Dec-2001) -