Tekel cigarette to go to tender in October

A bid to sell Turkey's tobacco firm Tekel Cigarette will be launched in October, according to sources quoting The Privatisation Administration. The tender will be held on basis of asset sale method. Cigarette factories in ... More

BAT rewards best small entrepreneurs

Company "British American Tobacco" (BAT) will again this year give award for the most successful small entrepreneur in Vranje. In order to participate in the competition, enterprise must be registered on the territory of Town ... More

Serbian plant to produce JTI brands

A factory in Senta will start production of Japan Tobacco International (JTI) brands such as Winston, Camel and Monte Carlo. The company’s Adriatic region general manager Paul Patrick also told journalists JTI was in ... More

Future of Serbia's tobacco industry

Serbia will keep its obligations to the tobacco industry, regardless of CEFTA provisions, Milan Parivodić says. International economic relations Minister Milan Parivodić discussed with EU Trade Commissioner Peter ... More

Philip Morris L&M enters Bulgaria's market .

Philip Morris brand L&M is the new entry on the local mid-price cigarette market. The tobacco company has registered for distribution in Bulgaria the Blue, Red and Silver editions of the brand. The L&M cigarettes that ... More

Former Bulgartabac unit to invest 7.8 mln levs in equipment

J.G. BT, the former cigarette production and packaging equipment unit of Bulgarian tobacco monopoly Bulgartabac, will inject 7.8 mln levs in its printing operations this year, the company said in a filing with the Bulgarian stock ... More

Greek co buys Sandanski tobacco plant

Greece's Leaf Tobacco A. Michailidis has acquired Sandanski BT after filing the only bid for the Bulgarian tobacco processing factory, the local stock exchange announced. The Greek company paid 2.3 mln levs for the 99.94% stake ... More

BAT Breaks Sale Records in Bulgaria

British American Tobacco (BAT) has reported a record-high sales of their brand cigarettes Viceroy in January, the company announced. Viceroy's price of two levs for a packet resulted in an unexpected demand and insufficient ... More

Truck maker Scania to merge offices in Bulgaria, Romania

Swedish truck and bus maker Scania has announced the merger of its representation offices in Bulgaria and Romania in a bid to improve customer service, facilitate the exchange of expertise and staff training and to take advantage ... More

Greek buyer offers 2.3 mln levs for tobacco plant Sandanski BT

Greek tobacco processing company Leaf Tobacco Michailidis is offering 2.3 mln levs for tobacco processing plant Sandanski BT, said Bulgarian tobacco monopoly Bulgartabac Holding. Bulgartabac is selling 99.946% of Sandanski BT ... More

Bulgartabac sets guidance price for Sandanski unit

Bulgarian tobacco monopoly Bulgartabac has set at 2.1 mln levs the price for its 99.946% stake in Sandanski BT. The tobacco processing factory will be sold via a publicly announced competitive procedure. The submitted bids will ... More

Tobacco Division of TEKEL to be Privatized

Turkish Finance Minister Kemal Unakitan said the cigarette brands and factories of TEKEL, Turkey’s tobacco and alcohol monopoly, were on the agenda to be privatized and would be bided on when market conditions ... More

BAT ready for new business projects

New general manager of company "British American Tobacco - Duvanska industrija Vranje (DIV)", Jirgen Bakeberg, promised that,together with the managing team and employees, he would improve already enviable results of the ... More

Tobacco industry in Serbia still lacks of raw material.

Serbia came in the situation that it has no tobacco even for the half of its own needs. Therefore, the cigarette manufacturers are forced to reduce products, so that they suffer losses, as well as Serbia, which has high incomes ... More

JTI to invest USD 100 million

Multinational company Japan Tobacco International (JTI), the third largest tobacco and cigarette producer in the world, will invest in Serbia more than USD 100 million, which includes investments into all segments of JTI ... More

Cigarette manufacturers, unhappy about higher excises

Philip Morris Romania Company officials support an increase in the minimum excise tax on cigarettes yet they hold that raising the minimum excise tax at 100 per cent of the excise charged on the most popular price category of ... More

Tobacco co's call Bulgarian govt on fax price deregulation

The local representatives of international tobacco companies told Dnevnik they do not expect the July 1 expiry of government-regulated cigarette pricing to have any impact on the market. The cigarette vendors will likely keep ... More

Bulgaria Tobacco chooses Consultant

Consortium Subev &Co, teamed up with Euro-finance and Balkan Consultant Company was appointed as consultant of the sale procedure of Bulgaria's tobacco monopoly Bulgartabac. Three consortia submitted bids for consulting the ... More

Tobacco Industry Senta sign with "Japan Tobacco International"

The contract on sale of Tobacco Industry Senta to company "Japan Tobacco International" (JTI) will most probably be signed during the next week (May 8-13, 2006). Minor stockholders in Tobacco Industry Senta will be able to ... More

Japan Tobacco International agrees to invest EUR 130 million in Senta tobacco plant

Japan Tobacco International (JTI), the world’s third-largest cigarette producer, has agreed to invest a total of some EUR 130 million in Duvanska Industrija Senta (DIS), Serbia’s biggest raw tobacco manufacturer, in ... More