Philip Morris International

European governments are weighing the introduction of tougher rules on cigarette makers' new zero-tobacco heat sticks, moving to close the loopholes they were designed to exploit just months after their launch.

Sabancı Holding, one of Turkey's prominent conglomerates, has applied to the Competition Authority to sell its stakes at two tobacco companies to its long-time partner Philip Morris International (PMI).

Greece is ready to become the first or one of the first countries without cigarettes in the world, stressed the Vice President of Papastratos, Mr. Iakovos Kargarotos, who visited the stand of OT at the 85th Thessaloniki International Fair.

Independent Authority for Public Revenue (AADE) head Giorgos Pitsilis and Papastratos chairman and CEO Christos Harpantidis have signed a cooperation agreement aimed at battling the illicit trade in tobacco products, it was announced on Friday.

The agreement strengthens strategic cooperation between the two sides to combat the illicit trade.

"Our world changes when each one of us changes for the better," Papastratos believes. The fact that they were recently awarded as one of the world-changing companies, in the annual "Change The World" survey, certifies that these are not just words, but that they put into practice their commitment to a sustainable, cigarette-free world.

The Delphi Economic Forum is organizing a foreign direct investment round table at the Hotel Grande Bretagne in Athens on Friday which is expected to draw the attention of the business world. Several ministers will take part and the main topic will be how Greece can become a focus for investment.

With a growing number of smokers switching to IQOS, a tobacco-heating device which delivers a nicotine hit without actually burning the tobacco, the Papastratos production facility in Aspropyrgos is playing a significant role in turning the country into a major export center for Philip Morris International, Andre Calantzopoulos, the chief executive officer of US multinational Philip Morris Inte

Rental rates for modern office spaces have recorded an increase of up to 11 percent over the last 12 months as a result of steady high demand and a lack of new developments: This means that interested investors are forced to seek spaces almost exclusively within the existing and quite saturated stock of commercial properties in terms of quality.

Philip Morris International, the manufacturer of the iQOS tobacco heating unit, will invest in the creation of a call center in Bulgaria, Christos Harpandis, Managing Director for Southeastern Europe, told Money.bg. The new call center is expected to be operational in the third quarter of 2019. The company has not yet decided whether it will be in Sofia or another city in Bulgaria.

Greek tobacco giant Papastratos's new production plant was officially launched on Wednesday at Aspropyrgos in western Attica by the chief executive officer of Philip Morris International, Andre Calantzopoulos, and Papastratos chairman and CEO Christos Harpantidis.