PM in Ukraine

[Robert Weissman <rob@essential.org>]

>From the English digest of the Ukrainian newspaper "Day," June 23, 1998:

>
> The world-renown Philip Morris Company, operating in 180 countries with 
$70
> billion annual turnover, is taking a stronger foothold in Ukraine, 
placing
> new production facilities in Donetsk oblast and the Crimea.
>
> It is expected to invest some $200 million in the new construction 
project
> and the firm's Executive Director George Farah says that the new 
production
> line will have an annual output of 12-15 billion cigarettes. In this way
> contraband cigarettes will be crowded out of the market and the state
> budget will enjoy a healthy income supplement. As for prices, there is
> little hope that they will fall. The Ministry of Health warning also
> remains in force.
>
> Photo by Viktor Marushchenko, The Day
>
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Robert Weissman
Essential Information			|   Internet:	rob@essential.org