Romanian cigarettes black market worth EUR 140 M

More than 10 per cent of the cigarettes on the market are smuggled and nearly eight per cent of the spirits marketed are counterfeits. This is what the representatives of the two industries stated at a press conference. The total ... More


Femina cigarettes is best-selling slim brand in Bulgaria

Bulgartabac's Femina Slim controlled 29.43% of the domestic market for slim cigarettes in Q1, shows data of the brand's producer Plovdiv BT. The factory sold a total of 402,720 tons of cigarettes in the first quarter, bucking the ... More


PHILIP MORRIS trials cultivation of organic tobacco

US multinational Philip Morris is to launch the trial cultivation of organic tobacco in Greece. "If this endeavour bears fruit, it will give new prospects and a new outlet for Greek tobacco, sharply raise the commercial value of ... More


Futura Plus bids to increase its majority stake in tobacco retailer Duvan

Belgrade-based trading company Futura Plus, co-owned by Germany’s media giant Westdeutsche Allgemeine Zeitung (WAZ), has placed a bid to take over between 0.02% and 7.63% of tobacco and newspaper retailer Duvan at CSD 2,000 ... More


Japans for Senta tobacco producer

Japan Tobacco International (JTI), the world’s third-largest cigarette producer, has submitted the sole bid in a tender for the sale of a majority stake in Duvanska Industrija Senta (DIS), Serbia’s largest ... More


BAT to keep investing in Turkey

British American Tobacco Co. () has said it will continue its investments in Turkey, with an eye on TEKEL privatizations, following favourable returns on investments of more than USD300 million over the past three years. Future ... More


FABRIKA DUVANA BANJA LUKA: Extended deadline for submission of bids

For the second time, Republika Srpska's privatisation agency extended the deadline for submission of bids in the tender for a 55 per cent stake in the Banja Luka tobacco factory, from 28 February to 14 March. Authorities said ... More


Tobacco Agency of Montenegro regulating market

The Tobacco Agency of Montenegro has issued to companies Roksped and Bar-kod the first licences for wholesale in tobacco products. Companies Knjaz from Niksic and Elmag from Podgorica shall be issued with a licence after they ... More


Tobacco heavyweights confident to compete Bulgartabac

The world's biggest cigarette makers are once again setting up shop in Bulgaria after a four-year absence from the market. In 2002, Phillip Morris, British American Tobacco and Japan Tobacco International terminated their ... More


Bulgartabac to hold on to 5 subsidiaries

The supervisory board of Bulgaria's tobacco monopoly Bulgartabac Holding approved on Thursday, February 9 the preliminary program for the restructuring and privatisation of the subsidiary companies, news agency Focus reported, ... More


Government approves “tax on vice”

Smokers in Romania will have to pay 20 eurocents more for a pack of cigarettes in March, when the government approves the tax on vice. According to the health minister Eugen Nicolaescu, this tax is provided in the package of laws ... More


Bulgartabac sell-off

The privatisation of cigarette monopoly Bulgartabac should begin with the tobacco processing units in the towns of Pazardjik, Smolyan, Sandanski, Yambol, Harmanli, Dulovo and Dupnitsa, the company's executive director Hristo ... More


Bulgaria enters 2006 with cigarette hike

Cigarette packs of both Bulgaria-made and imported brands have gone pricier as from January 1 due to higher excise duty. Prices jump up by about BGN 1 or EUR 0.5. Thus the most popular Victory packs will cost BGN 2.60 instead of ... More


New prices for cigarettes

The Government set the prices of local and imported cigarettes as of January 1, 2006, the Government Information Service said. A box of all varieties of "Victory" 84 mm will cost 2.60 leva. This will also be the price of a soft ... More


Incumbents mull 3 sell-off options for tobacco monopoly

Three options for the privatisation of tobacco monopoly Bulgartabac Holding have been submitted for consideration to the political leaderships of coalition partners BSP, DPS and NDSV, economy minister Rumen Ovcharov. The ... More


Four bidders at Senta Tobacco Industry tender

Four companies have responded to the tender for the sale of Senta Tobacco Industry (DIS). Japan Tobacco International, Rovinj Tobacco Company (Croatia), British Imperial and a small producer from the Netherlands. The source ... More


Kosovo: Smuggling halves cigarette import

Kosovo is importing half of the amount of cigarettes is used to import in the previous years. The increase of the excise tax from 2 € to 17 € per kg of cigarettes apparently resulted in an increased smuggling. Less ... More


'Path pursued for foreign capital brings success'

The plans of action pursued in Turkey to gain a larger share of foreign capital met with the open arms by international companies. The government is pursuing a fine goal and the way this goal is pursued is met with ... More


US interested in turkish state monopolies

American interest in the cigarette department of Turkish State monopolies (TEKEL) continues as the first tender for TEKEL did not go through for the highest proposal of $1.1 billion given by Japanese Tobacco because it was found ... More


In FYROM’s market 40% of cigarettes are smuggled

Over 40% of cigarettes in FYROM are smuggled. This was published by the Rumanian daily newspaper “Gandul” (www.gandul.info), quoting sources from the World Bank (www.worldbank.org). “Gandul” states that ... More