Greece-based cigarette maker Papastratos this month announced the implementation of a sustainable growth strategy and corresponding commitments, coinciding with the 90th anniversary of the company’s establishment.
The development came just a few days before tobacco giant Philip Morris International announced on Friday that it would purchase UK-listed Vectura for 1.44 billion USD, giving the American multinational access to the British drug-maker’s respiratory treatments and inhaling device technology.
On its part, Papastratos pointed to a concerted effort to develop innovative products. In basing its strategy, the Greek company calculated that by 2025 cigarette smokers in Greece will decrease by 1.5 million, either by stopping the habit or by turning to other alternatives involving tobacco.
The target, Papastratos announced, is for 75 percent of its net revenues by 2023 to come from innovative and alternative products.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
ELSTAT: Overnight Stays in Greece Up in Feb.
The provisional monthly data revealed that arrivals at tourist accommodations amounted to 773,104 and overnight stays were 1,677,685
Electric Energy: Greece’s New Sustainable Export
Moreover, a surplus of generated electricity cannot be fully absorbed by domestic grids and this excess power finds eager buyers in the form of companies entering into Power Purchase Agreements (PPAs), willing to pay a premium for clean energy
IOBE Revises Greek GDP Growth Downward, to 2.1% For 2024
Annual inflation is expected to reach 3%, up from the previous forecast of 2.8%
Last Sections of 136km E65 Highway Inaugurated on Tues.
Athens to Karditsa drive time is expected to drop to two and a half hours (under normal conditions), and some three hours from Athens to Trikala
Reuters: Greece to Repay More Bailout Loans Ahead of Maturity in 2023
The country has relied solely on international markets for its borrowing needs since a third institutional bailout ended in 2018
Ag Min. Avgenakis: Greece-China Cooperation in Research, Education in Agri-Food Sector
Greek minister tours cutting-edge hydroponics and robotics facilities at the Chinese Academy of Agricultural Sciences in Beijing
Mini Holiday Season in Greece for Upcoming Orthodox Easter
Occupancy rates reach up to 90% domestically for accommodations open ahead of peak summer season
Greek PM Mitsotakis Says Fight Against Inflation Ongoing
The Premier made statement during a visit an an open vegetable market
Unpaid Taxes in Greece Reach 1.539bln Euros
As the figures revealed the number of debtors totaled 3,878,712 individuals and legal entities.
ELSTAT: Greek Primary Surplus Reaches 1.9% of GDP in 2023
Greek debt saw a slight dip to 356.7 billion euros by the end of 2023, down from 356.8 billion euros a year prior
![Φυσικό αέριο: Γιατί είναι δύσκολη η απεξάρτηση από τη Ρωσία – Τα εμπόδια [Χάρτης]](https://www.ot.gr/wp-content/uploads/2022/07/gas-1-1-90x90.jpg)
