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Tag: Azerbaijan

  • New Year, New Taxes

    New Year, New Taxes

    Image: Xuejun Li

    Tobacco taxes increased in several countries at the start of 2024.

    In Sri Lanka, an upward revision in excise duty and value added tax prompted market leader Ceylon Tobacco Co. to raise the price of four cigarette categories by LKR5 ($0.02), LKR15, LRK20 and LKR25 per stick, respectively, reports the Asian Mirror.

    The government justified the tax hikes by its desire to boost revenue streams while discouraging tobacco consumption.

    Azerbaijan, meanwhile, increased the excise rate for cigarettes from AZN38 ($22.35) per 1,000 sticks to AZN45.5 per 1,000 sticks, according to AzerNews. The excise rate for cigarillos went from AZN43 per 1,000 sticks to AZN45.5 per 1,000 sticks.

    E-cigarettes and heated tobacco products are now subject to a tax of AZN16 per 1,000 units, compared with AZN14 per 1,000 units in 2023. 

    The excise rate for single-use electronic cigarettes, hookahs and their substitutes went up from AZN0.25 manats to AZN2.

    In Belgium, as new e-liquid tax took of €0.15 per milliliter took effect on Jan. 1

  • Azerbaijan Prepares Exports for Italy

    Azerbaijan Prepares Exports for Italy

    Photo: Taco Tuinstra

    Azerbaijan tobacco processing factory “Azertertun” has begun production of cured tobacco with principal products for export to Italy, according to 2Firsts.

    The factory reportedly uses advanced production equipment from the United States, Italy and Germany. This year, 620.1 hectares of tobacco were cultivated in Balakan, Zagatala, Gakh, Sheki, Oguz and other areas, according to the factory’s general manager.

    An estimated 470 tons of processed fine-cut tobacco will come from the cultivated leaf. 

  • Tabaterra to Produce JTI Brands for Georgia

    Tabaterra to Produce JTI Brands for Georgia

    Photo: Tabaterra

    Tabaterra will produce certain Japan Tobacco International brands in Azerbaijan and sell them in Georgia under a recently signed deal between the companies.

    “We are very pleased to have partnership with JTI on the production and export of global brands,” said Tabaterra Director Elman Javanshir in a statement. “The export agreement we signed is a clear example of production of high-quality products at Tabaterra in accordance with international standards.

    According to Javanshir, the export agreement will make a significant contribution to the economy of Azerbaijan, generating annual foreign currency inflows of around $13 million.

    “The export agreement we signed with Tabaterra CJSC is of great importance for JTI in terms of strengthening our position in the Georgian market,” said Sergey Buksa, general manager of JTI for Belarus and the Caucasus region.

    “Based on the experience and production capabilities of our business partner, Tabaterra, we can now manufacture our global brands such as Sobranie, Winston and Camel in Azerbaijan in a shorter period of time and ensure its accessibility for Georgian consumers. The export agreement we have signed will contribute to the increase of trade turnover between Azerbaijan and Georgia.”

    Tabaterra was registered in November, 2017. In addition to its own products, the company produces international tobacco brands under license.