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  • BAT Acquires Full Ownership of UzBAT for $22M

    BAT Acquires Full Ownership of UzBAT for $22M

    BAT Group completed its deal with Uzbekistan’s State Assets Management Agency to buy the state-owned stake in the UzBAT joint venture for $22.3 million, finalizing it on October 6. BAT acquired 641,661 shares (2.6%) as part of its continued commitment to the country’s economic and social development.

    Operating in Uzbekistan since 1994, BAT has invested over $500 million in the local market over the past 30 years. UzBAT, the country’s leading tobacco manufacturer, produces traditional cigarettes and, since 2023, heated tobacco sticks at the Samarkand Multi-Category Factory as part of BAT’s global “A Better Tomorrow” strategy to expand smoke-free products and reduce harm.

    The joint venture not only serves domestic demand but also exports products to Kazakhstan, Georgia, Azerbaijan, Iraq, and South Korea. UzBAT is a major employer with over 800 staff and a top private taxpayer. For seven consecutive years, it has been recognized as a Top Employer by the international Top Employers Institute.

  • Greece Fears EU Tobacco Tax Hike Will Fuel Smuggling Surge

    Greece Fears EU Tobacco Tax Hike Will Fuel Smuggling Surge

    Greece is warning that the European Commission’s sweeping proposal to raise tobacco taxes could trigger a sharp rise in cigarette smuggling, undermining both revenue and public health goals. The reforms — part of the EU’s effort to modernize its Tobacco Taxation Directive and introduce a new European levy — could push the average price of a cigarette pack in Greece from €4.60 to €7.00, an increase of more than 50%.

    At the Economic and Financial Affairs Council (ECOFIN) meeting, Greek Finance Minister Kyriakos Pierrakakis cautioned that steep excise hikes would “lead to a rise in smuggling,” citing Greece’s experience and its porous borders with non-EU countries, a key transit point for illicit tobacco. He warned that drastic price differences across regions would create new incentives for cross-border trafficking and black-market trade, threatening legal retailers and state revenues alike.

    Greece, which already has one of the highest smoking rates in the EU at around 30%, is particularly vulnerable to illicit trade. The government argues that the proposed tax levels could push many smokers toward cheaper, untaxed cigarettes, further expanding an underground market that already costs the country millions in lost revenue. To prevent this, Athens is advocating for a more moderate tax path, a longer adjustment period, and weight-based taxation for new nicotine products — balancing fiscal goals with the urgent need to curb smuggling.

  • JTI Malaysia Backs Phased Tobacco Excise Hike, Stresses Illicit Concerns

    JTI Malaysia Backs Phased Tobacco Excise Hike, Stresses Illicit Concerns

    JTI Malaysia voiced support for the government’s phased tobacco excise increases for budget 2026, starting November 1, describing the approach as balanced for revenue stability and enforcement continuity. The company emphasized that illicit cigarettes remain a major concern, urging continued coordination between the Ministry of Finance, Royal Malaysian Customs, and industry players to ensure tax adjustments are matched by strong border enforcement.

    JTI also expressed disappointment that vape products were excluded from excise measures, despite full regulatory parity under the 2024 Control of Smoking Products for Public Health Act.

  • EU Tobacco Tax Would Worsen Cyprus’ €22M Illicit Losses

    EU Tobacco Tax Would Worsen Cyprus’ €22M Illicit Losses

    Cyprus joins 11 other EU member states in opposing the European Commission’s plan to dramatically increase tobacco taxes, as officials warned the move could worsen the country’s growing illicit cigarette trade, which already costs €22 million annually in lost revenue. At 29%, Cyprus has the seventh-highest smoking rate in the EU.

    The proposal, discussed at the Economic and Financial Affairs Council in Luxembourg, would nearly triple minimum excise duties on cigarettes and, for the first time, introduce EU-wide levies on e-cigarettes and heated tobacco products. Under the plan, minimum cigarette taxes would rise from €90 to €215 per 1,000 cigarettes, pushing the price of a pack in Cyprus from €4.50 to as much as €7.50, while hand-rolling tobacco would almost double in cost. Next-generation nicotine products would face a 45% minimum tax from 2028, increasing to €88 per 1,000 units by 2032.

    Cyprus already faces a mounting smuggling crisis, with illicit cigarette consumption rising to 14.3% in 2024, up from 11% the previous year—equal to 130 million illegal cigarettes consumed. Across the EU, illicit consumption reached 38.9 billion cigarettes, causing €14.9 billion in lost revenue.

  • Trinidad and Tobago Doubles Duties on Cigarettes, Alcohol

    Trinidad and Tobago Doubles Duties on Cigarettes, Alcohol

    Two weeks after Trinidad and Tobago’s Ministry of Health said it was laying the groundwork for a new approach to tobacco control, its Finance Minister, Davendranath Tancoo,  announced the doubling of customs duties on alcohol and tobacco products, measures expected to account for 80% of next year’s projected revenue growth. Combined with additional customs fees, high-end electric vehicle taxes, and a new 5% import tax on single-use plastics, the island nation is expecting to generate an additional $1 billion in annual revenue.

    Effective immediately, cigarette duties were raised from $5.26 to $10.52 per pack of 20, while alcohol went from $79.25 to $158.50 against percent of alcohol content, and beer from $5.14 to $10.28 by gravity. Beginning January 1, the customs declaration fee will double to $80, and the container processing fee doubles to $1,050, while EVs valued over $400,000 will face a 10% duty, 12.5% VAT, and a tiered motor vehicle tax.

  • JTI Releases White Paper on Tobacco Farmer Supply Chains

    JTI Releases White Paper on Tobacco Farmer Supply Chains

    JTI published a white paper highlighting its evolving relationship with tobacco farmers, focusing on improving yields, product quality, and sustainability. Paulo Saath, Global Head of Leaf Operations, emphasizes balancing business growth with environmental, social, and governance (ESG) goals.

    Titled, “Changes and Innovation in the Tobacco Supply Chain,” the paper details how JTI is tackling challenges like climate change and geopolitical volatility through digitization, AI, and integrated analytics, centralizing 15–20 systems into a unified data platform for better visibility across its global supply chain.

    Saath also stressed that technology succeeds when paired with human engagement, advising leaders to address concerns transparently and support teams through transitions, ensuring sustainable and efficient operations.

    Find the white paper here (e-mail registration required).

  • Malawian Tobacco Farmers Advised to Adhere to Quotas Next Season

    Malawian Tobacco Farmers Advised to Adhere to Quotas Next Season

    Tama Farmers Trust advised Malawian tobacco farmers to strictly follow Tobacco Commission (TC) quotas in the 2025/26 growing season to prevent overproduction and prolonging the selling process, which would potentially disrupt next season. The 2024/25 season, which opened in April, will close on October 24, making it one of the longest in recent years.

    Initial projections estimated Malawi would produce 174.4 million kg of tobacco this year, but because of favorable weather conditions was able to sell 214 million kg for $532 million, up from last year’s $396 million.

    Trust president Abiel Kalima Banda praised TC for ensuring that all produced tobacco was sold, with remaining volumes being purchased through the Smallholder Farmers Fertiliser Revolving Fund of Malawi to guarantee full sales.

  • PMI Responds to Italian Investigation of ‘Smoke-Free’ Language

    PMI Responds to Italian Investigation of ‘Smoke-Free’ Language

    Today (October 15), the Italian Competition Authority (AGCM), accompanied by financial police, searched two Philip Morris offices in Italy as part of the inquiry regarding the company’s use of phrases such as “a smoke-free future” and “smoke-free products” regarding its electronic cigarettes.

    In response, a PMI spokesperson told Tobacco Reporter:

    “With reference to the proceeding initiated yesterday by the Italian Competition Authority (AGCM) concerning the use of the term “smoke-free” in communications related to our corporate vision and our combustion-free products, Philip Morris Italia believes it has always acted in full compliance with applicable regulations. The Company is confident that its communication is factual, truthful, and fully consistent with both Italian and European legislation, which associate the absence of smoke with the absence of combustion. Italian Legislative Decree No. 6/2016, which transposes EU Directive 2014/40/EU, defines in Article 2, paragraph 5, a “smoke-free tobacco product”  (“smokeless tobacco product” in the English version of the Directive) as “a tobacco product that does not involve a combustion process”.

    “The pursuit of a smoke-free future has been the primary global objective of Philip Morris International for nearly a decade—an ambition that the Italian affiliates have been working toward for years, alongside an integrated Made in Italy value chain involving 44,000 people.

    “The Company will continue to cooperate with the Authority throughout the proceeding to demonstrate the full legitimacy of its actions.”

  • Philip Morris to Host Q3 2025 Results Webcast

    Philip Morris to Host Q3 2025 Results Webcast

    Philip Morris International announced it will hold a live audio webcast on Tuesday, October 21, at 9 a.m. ET to discuss its third-quarter and first nine-month results, which will be released at approximately 7 a.m. the same day. The webcast, hosted by CFO Emmanuel Babeau, will feature a review of financial results and a Q&A session with the investment community in listen-only mode. The webcast can be accessed here or via PMI’s Investor Relations App for mobile devices. Slides, script, and recording will be available for one year following the event.

  • Study: Health Risks of Chewing Tobacco Need More Attention

    Study: Health Risks of Chewing Tobacco Need More Attention

    A new global study published by Nature Communications said that chewing tobacco should be receiving more attention for the significant health risks it causes, linking it to multiple forms of cancer and stroke (evidence for heart disease remains limited). Researchers found sufficient evidence connecting chewing tobacco use to six major health outcomes—including esophageal, lip and oral cavity, laryngeal, nasopharyngeal, and other pharynx cancers, as well as stroke. These findings reinforce previous evidence that chewing tobacco is a carcinogen and highlight its growing health impact, particularly in South Asia, where over 80% of the world’s 273 million users reside.

    The study said its systematic review and meta-analysis, which analyzed over five decades of research, is the most comprehensive evaluation to date focused specifically on chewing tobacco, distinct from other smokeless tobacco products. The study’s authors called for urgent policy action to integrate chewing tobacco into global and national tobacco control programs, improve cessation support, and expand high-quality research.