BAT, Tabán win concession to supply tobacco shops

Conferences

British American Tobacco (BAT) and Hungary’s Tabán Trafik will be awarded a concession to supply retail tobacco shops, Cabinet Chief János Lázár said at his regular weekly press conference yesterday.

The two companies will act together as middlemen between manufacturers and retailers for the next few years, and the National Development Ministry has been authorized to enter into a contractual agreement with them, Lázár said.

BAT and Tabán are expected to pay HUF 600 mln to the state for the concession.

The bill approved by Hungarian Parliament mid-December on the establishment of a centralized distribution company for tobacco products would cause the dismissal of 1,200 Hungarians who work in the business, Lajos Csizmadia, the spokesperson of the tobacco workers union (DDTSZ) told the Budapest Business Journal earlier.

MNB Business Confidence Index Slips in March MNB

MNB Business Confidence Index Slips in March

Chinese President to Visit Budapest in May Visits

Chinese President to Visit Budapest in May

Richter Shareholders Approve HUF 423/Share Dividend Pharma

Richter Shareholders Approve HUF 423/Share Dividend

Liz & Chain Rooftop Bar Debuts Sustainable Cocktails Drinks

Liz & Chain Rooftop Bar Debuts Sustainable Cocktails

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.