The pact provides stability to about 25,000 Greek tobacco growers hit by the economic malaise that has gripped the rest of the country, PMI said. Purchases will begin this year. The 20 per cent increase is measured against the total for the three years prior to 2013.
“PMI has invested approximately 600 million euros in Greece since 2003. In these difficult times and despite the unprecedented crisis that has impacted the country, not only do we remain steadfast in supporting Papastratos, our business partners and the country’s economy, but we are also expanding our business activities,” said PMI Chief Operating Officer André Calantzopoulos. (ci)