Posts tagged: Bulgaria

Bulgaria to sell stake in state-controlled tobacco company

Tweet Sofia – The Bulgarian privatization agency said Tuesday that it is putting up for sale the country’s remaining stake in cigarette manufacturer Bulgartabak Holding. The government holds 79.83 per cent of Bulgartabak, with the rest already privatized. Prime Minister Boyko Borisov’s cabinet declared the sale of the majority stake one of its priorities for 2011. Over the years, giants Philip Morris, Japan Tobacco and the Kore ... Jump to full article >>

Ban on smoking in public areas in Bulgaria to take effect in 2011, Cabinet says

Tweet Restrictions on smoking in public areas, which were introduced through amendments to the Health Act, will take effect at the beginning of 2011, according to a regulation on indoor smoking in public and working places approved by the Cabinet on November 3 2010. The decision comes several months after the Cabinet suspended a complete ban on smoking in public areas, which had been planned to come into effect in the middle of 2010. Smoking area ... Jump to full article >>

Bulgaria Introduces Staggering Cigarette Tax Hike

Tweet Bulgarian smokers will have to swallow a raise in excise duties on cigarettes and their prices as of January 1, as the government struggles to curb smoking and relieve the health care system. Under a decision that the parliament took at the end of November, a BGN 101 excise duty for 1000 cigarettes is introduced instead of the previous BGN 41, while the proportional tax is 23% of the sales price instead of 40,5%. The latter will affect most ... Jump to full article >>