EUR 1.5 billion spent annually on cigarettes in Serbia

The number of smokers in Serbia has been declining, by around 7 percent in the last 10 years, but the total of EUR 1.5 billion is still spent on cigarettes on an annual level which almost equals the entire budget of the Republic ... More


Karelia tobacco company sees 8 pct rise in sales for 2013

Karelia SA tobacco company increased its sales by 8 percent in 2013, selling a record 16.8 billion cigarettes, most of them abroad, CEO Andreas Karelias told staff at the annual event for New Year's on Tuesday. During 2013 the ... More


Bulgarian tobacco growers threaten protests as of Jan 6

Bulgaria's National Association of Tobacco Growers has threatened to stage protests in early January 2014. Tsvetan Filev, chair of the Association, explained Tuesday that tobacco growers wanted companies to start buying Basma ... More


New prices of cigarettes as of 1 January 2014

New prices of cigarettes will be effective in Bosnia and Herzegovina as of 2014. Manufacturers and distributors of cigarettes were required by 30 November 2013 to deliver to the Indirect Taxation Authority (ITA BIH) new ... More


Philip Morris, Japan Tobacco take $1.5 billion stake in Russian distributor

Two international tobacco giants are each taking a 20 percent stake in a Russian consumer goods distributor for a combined $1.5 billion, Bloomberg.com reported Wednesday. New York-based Philip Morris and Japan Tobacco will ... More


Glamocic opens tobacco processing line

Serbia's Minister of Agriculture Dragan Glamocic opened on Wedensday a new and improved tobacco processing line at the Japan Tobacco International (JTI) plant in Senta, northern Serbia. The line is part of a USD 6 million ... More


EC: Dispute over import of Croatian cigarettes solved

The European Commission (EC) is satisfied that Serbia has revised its stance and agreed to keep the current quota of cigarettes from Croatia, Peter Stano, spokesperson of Enlargement Commissioner Stefan Fuele, has stated. The ... More


Bulgarian cigarettes meagre results

Sales of Bulgarian-made cigarettes decreased drastically on the domestic market in January 2012, according to figures from Bulgartabac and Kings Tobacco. Bulgartabac Holding, which was privatised in September 2011, has lost ... More


FYRMacedonia's tobacco subsidies one euro a Kg highest in region

The tobacco by-out is at its peak, as 17,000 tons of this year overall harvest of 25,000 tons have been already purchased at an average price of Denar 145 per kg - the highest one in the region, Prime Minister Nikola Gruevski ... More


Sales of Bulgarian cigarette brands still falling

Sales of Bulgarian cigarette brands in the country continue to shrink and already account for 49% of total sales on the market against 58% a year earlier, data of domestic tobacco companies has shown. For the first nine ... More


Save EUR 1 bln by cracking down cigarette smuggling.

British American Tobacco, the Romanian cigarettes’ market leader, as well as Japan Tobacco International Romania and Philip Morris Romania had abbrupt losses on the sales volume at the beggining of 2010. The BAT sales ... More


Privatisation of FDM begins

The Agency for Privatisation of the Federation of Bosnia Herzegovina (www.apf.com.ba) has issued a tenders prior to the privatisation of 67% of the capital of the Fabrika Duhana Mostar (FDM) cigarette factory. The company, the ... More


JTI enters the FYRMacedonian market

Japan Tobacco International (JTI), the third tobacco company in the world, enters the Macedonian market with its famous brands Winston and Camel. According to Christian Kring , General manager of JTI Adriatic, the projected ... More


Agrokor bids for Dunavkomerc

Croatian food group Agrokor has placed a 6.5 million euro bid to acquire Montenegrin company Duvankomerc, owned by Montenegrin tobacco producer Duvanski Kombinat Podgorica (DKP). Duvankomerc, which operates in tobacco wholesale, ... More


TDR buys 600 tonnes of Bosnian tobacco a year

The Croatian tobacco factory from Rovinj (TDR) buys approximately 600 tonnes of tobacco from Bosnia a year, and the value of that purchase amounts to around 2 million Euros. Hosting a group of Bosnian reporters at the factory, ... More


Cigarette Factory in Bulgaria's Plovdiv Closes Down

Several hundreds persons will remain unemployed after the Bulgartabac cigarette factory is closed down in a week. (Sofia Photo Agency) | buy photo | The cigarette factory in Bulgaria's second largest city of Plovdiv is going ... More


Sale of Tutunski Kombinat AD Prilep

The tobacco plant Tutunski Kombinat AD Prilep could receive a new owner by the end of the year, said the plant’s director Toni Dimitrievski. Even though the company is indebted, a number of foreign investors have shown ... More


Turkish businessman buys Kardjali tobacco processing factory

Aidatour, a company 22%-controlled by Turkish businessman Fuat Guven, has won the sale procedure for tobacco processing factory Kardjali BT, beating six other candidates. Late last week, local tobacco Bulgartabac Holding said ... More


Philip Morris continues according to plan

General director of DIN – Philip Morris announced that the company would continue according to the defined plan, despite the unfavorable political situation in Serbia. As on of the proofs, he noted the recent launch of the ... More


Prilep tobacco company faces bankruptcy

Prilep's tobacco company "Tutunski Kombinat" is facing bankruptcy due to huge financial debts, Utrinski Vesnik reads. With monthly distribution of 130 tonnes, failed agreement with "Philip Morris", extremely high costs due to ... More