Russia bans online sales of e-cigarettes②
- Many hookah shops in Germany illegally sell E-Cigarettes
According to tagesschau News: The black market for e-cigarettes is growing rapidly. The German Electronic Cigarette Association (VDEH) conducted a survey on hookah shops, bars and kiosks. The survey results shocked the VDEH. About 75% of hookah shops sell illegal e-cigarettes, and Although the proportion of night markets and convenience stores is lower, it still reaches 20%.
The members of the VDEH are unequivocally opposed to the trade in illegal products and their sale to young people, and we see a serious lack of enforcement by the competent authorities, which is reinforcing the black market.
Many consumers do not realize that counterfeit e-cigarette liquids contain too much nicotine and have too large a capacity, which is harmful to the body.
Oliver Pollard said the legislature itself ensured that young people were able to smoke: "With poor regulation and too few fines, this is fueling the illegal market.
- Oriental Tobacco Company sells factory to Philip Morris International
Oriental will sell the land, buildings and currently leased equipment at its Factory 9 to a subsidiary of Philip Morris International for 1.58 billion Egyptian pounds ($32.66 million), Al-Ahram online reported United Tobacco Company (UTC) .
According to a statement issued by Oriental to the Egyptian Exchange, the sales price is the average of the valuations given by three valuation companies.
As part of the transaction, UTC will waive its right to recover the remaining annual rent on the plant that has been paid in full under the lease contract expiring on April 26, 2026.
Egypt is privatizing a number of state-owned enterprises. The government hopes to earn $5 billion from the project.
In November 2023, Egypt's Ministry of Public Enterprises sold 30% of Oriental's shares to Emirates Global Investment Holding for 19.34 billion Egyptian pounds.
In May 2024, PMI indirectly acquired a 14.7% stake in Eastern Co.
