July 4th, 2012 00:00

Philip Morris International Decreases its Revenue Estimates

The largest tobacco company Philip Morris International decreased its revenue estimates for the whole year already for the second time in this year in order to demonstrate the strengthening US dollar, while cautioning about the dropping cigarette sales in the European Countries.The 10% drop to between $5.15 and $5.25 a share followed a 6 ...

June 28th, 2012 00:00

Smokers Infringing Regulations Will Pay Fines Starting January 1, 2013

Smoking on city-owned property or at some events will have its price after January 1, 2013. The city’s Health Ministry adopted by a solid voice two sets of anti-tobacco regulations that intensify the smoking bans, prohibit the indoor lighting of electronic cigarettes, eradicate smoking in outdoor areas, prohibit the sale of e-cigare ...

June 22nd, 2012 00:00

Plain Packaging Law Infringes Big Tobacco Intellectual Property Rights

New Zealand could face a legal claim in case it proceeds with its plans to prohibit branding on cigarette packaging, according to one of the world’s leading cigarette companies. The Government has agreed to pass a plain packaging regulation in together with Australia, mostly depending on the result of a public consultation process. ...

June 20th, 2012 00:00

Tobacco Tax Increases are Slowing Down

All tobacco representatives are currently paying attention on the recent largest anti-smoking election fight in California. The State voters will consider adding additional $1 to the state’s excise tax on tobacco products. That would raise the price of a package by around $1.87. California is not a single country looking for more mo ...

June 18th, 2012 00:00

Bulgaria's Customs Agency Forecasts a Drop in Profits from Cigarette Excise Taxes

The chief of Customs Agency Vanyo Tanov forecasts a drop in profits from excise taxes on tobacco products after the passage of the full ban on smoking in indoor public areas.At the recent press conference, Tanov declared that the second half of 2012 would bring the expected BGN 100 M less in tobacco tax revenues into the state treasury u ...

June 14th, 2012 00:00

Altria Group Continues to Demonstrate Positive Results

Altria Group has been currently reiterated by the Street Ratings as a buy with a score of B. The tobacco giant’s power can be observed in various spheres, as for instance its firm stock price performance, growth in net revenue, profit increase, expanding revenue margins and significant return on equity. Tobacco experts estimate that ...

June 12th, 2012 00:00

Japan Tobacco to Strengthen its Position with Gryson Acquisition

Japan Tobacco (JT) increased significantly in Tokyo trading after manufacturer of Winston, Glamour and Camel cigarette brands agreed to pay $596 million for Gryson NV in order to prompt growth in Europe’s roll-your-own market. Asia’s leading cigarette producer by market volume boosted 3.5% to 440,000 yean in Tokyo, demonstrati ...

May 31st, 2012 00:00

Philip Morris International Demonstrates a Strong Economic Model

One of largest worries facing investors regarding the cigarette manufacturers is decreasing cigarette use, and so they are not convinced that it is possible to assign any increase to these companies.A closer look at Philip Morris International (PMI) demonstrates a strong economic model and stable flow of funds generating power. The stock ...

May 24th, 2012 00:00

Flavored Smoking Products Could be Prohibited in Miami-Dade

Flavored tobacco products, probably the most preferred among high school children, could be banned from sale in Miami-Date Country.Commissioners plan to take a preliminary vote that could lead to Miami-Dade adherence to New York City Providence, as municipalities that have prohibited selling flavored cigars and other chewing tobaccos tha ...

May 17th, 2012 00:00

Zimbabwe Tobacco Production Industry is Reviving

Zimbabwe is expecting to return to economic flourishing mostly dependent upon its agriculture. At present things are improving with an extraordinary comeback of the tobacco crop, forecasted to constitute 150 million kilograms, according to industry expert. For instance in 2011 Zimbabwe sold 131 million kgs.Zimbabwe’s tobacco auctio ...

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