Philip Morris

NIS - Serbian PM Ana Brnabic on Wednesday announced a new 100 mln dollar Philip Morris investment in Serbia that will create 200 jobs in Nis.

Brnabic made the announcement at a ceremony that marked 20 years since the privatisation of the Nis Tobacco Industry, acquired by Philip Morris in 2003.

The makers of products that constitute alternatives to cigarettes have blasted the government for putting heated tobacco products, such as Glo and IQOS, and electronic cigarettes in the same category as conventional cigarettes in an urgent bill debated on Wednesday in Parliament.

Ambassador Geoffrey Pyatt stressed once more the importance of Greek-American strategic partnership and U.S. interest in investing in Greece.

U.S. interest in investing in Greece is growing fast and major American companies are ready to move in strategic sectors of Greek economy.

Papastratos and its parent company Philip Morris feel justified regarding the 300-million-euro investment announced in March, one of the biggest by a foreign group in Greece since 2009.

Marlboro maker Philip Morris will invest 300 million euros ($323.76 million) in its Greek unit Papastratos to convert the cigarette plant into a maker of tobacco sticks for its smokeless IQOS product, executives said on Thursday.

Fiat Chrysler Automobiles Serbia retained the number one position in the August 2016 list of Serbia's top exporters.

The company's exports totaled 768 mln euros in the first eight months of the year.

A new 3-year cooperation agreement was signed on Wednesday between the Greek government and the tobacco company “Philip Morris International Management S.A” with its affiliate “Papastratos” in the presence of Prime Minister Alexis Tsipras.

BELGRADE - Serbia's fifteen biggest exporters have achieved a total of EUR 560 million worth of exports in January and February this year, with Fiat Chrysler Automobiles (FCA) Serbia topping the list.

Greek tobacco manufacturer Papastratos is planning an investment of 25 million euros at its facility in Aspropyrgos, west of Athens, the listed company's president and CEO, Nikitas Theofilopoulos, told Development Minister Costas Skrekas in a meeting on Thursday.

In May 2014 Bulgaria's largest tobacco company Bulgartabak Holding had 3% smaller market share, to 30.3%, compared to May 2013, reports Capital Daily. 

According to the company executive director Ventsislav Cholakov, this was normal.