'04 duty free revenue seen up 20% y/y_x000d_

18.10.2004 Source: Dnevnik

Revenues from domestic duty-free trade will reach some 160 mln euro by end-2004, up about 20% over 2003, said Radostin Genov, chairman of Bulgaria's Association of Duty-Free Operators (ADFO). The full-year estimate factors in non-ADFO revenues as well. The local duty-free operators remit to the Customs Agency 2% of their turnover on a monthly basis.