Archive - May 2007

BRAZIL
Tax rise compromises industry

The competitiveness of the Brazilian tobacco sector will be compromised with the rise of more than 30 per cent in the Tax on Industrialized Products (IPI)...

AUSTRALIA
Online smokers must prove age

Under a new federal anti-cancer plan, internet tobacco advertising will be curbed and anyone ordering cigarettes online will have to prove their age.

RUSSIA
Cigarette shipments down in first quarter

Major Russian cigarette manufacturers have released statistics of the first quarter of 2007, posting a notable decrease in cigarette imports on the domestic...

UNITED STATES
Tobacco companies withheld settlement payments

Tobacco companies have withheld at least US$ 7.5 million in payments to South Dakota over the past three years because of a dispute on whether states are...

SPAIN
Altadis to open its books

Altadis is going to open its books to a private equity consortium which offered a takeover bid for Altadis at € 50 per share last week. Imperial Tobacco has...

PORTUGAL
Portugal bans smoking inside public places

Portugal's parliament approved a law on Friday banning smoking in almost all indoor public places and will carry hefty fines for individuals who flout the...

UNITED ARAB EMIRATES
Dubai smoking ban announced

A smoking ban goes into effect in public departments in Dubai as of 31 May, Gulf News reported.

UNITED STATES
PMI to close tobacco processing plant

Philip Morris International plans to close a tobacco processing plant in Dinwiddie County, Virginia, by the end of 2007.

SPAIN
Private equity firms bid for Altadis

Two private equity firms, CVC Capital Partners Ltd and PAI Partners, offered € 12.8 billion (US$ 17.4 billion) for Altadis SA, the Spanish maker of Gauloises...

UK
Imperial Tobacco talks to Altadis

Imperial Tobacco said Tuesday it met Altadis last week and is still hopeful for a friendly deal according to reports by the Financial Times.

ESTONIA
Tobacco act goes into effect in June 2007

The new Tobacco Act, which was passed by the Estonian parliament two years ago, will take effect in June after a delay that was meant to allow companies to...

BELARUS
Parliament approves total ban of tobacco ads

A law on advertising which specifically introduces a total ban of tobacco ads as of 1 January 2008 has been adopted by the Belarussian parliament, Rustabak...

HUNGARY
Excise tax hike for tobacco producers in 2008

The Association of the Hungarian Tobacco Industry expects a 7-per-cent excise tax increase for 2008, as Hungary must comply with European Union regulations...

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