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Hungarian Tobacco Industry Association winds up

The Hungarian Tobacco Industry Association will wind up at the end of January under a decision taken at an extraordinary general meeting of the professional group held earlier, the organisation told MTI on Monday.

When asked by MTI, the association said it was winding up because of the departure of members.

Hungarian tobacco companies BAT Pecsi Dohanygyar, Continental Dohanyipari, Imperial Tobacco Magyarorszag and Universal Leaf Tobacco Magyarorszag established the Hungarian Association of Tobacco Industry Investors (DBMSZ) at the beginning of December, Econews reported earlier. At the same time the association was established, BAT Pecsi Dohanygyar, Continental Dohanyipari and Imperial Tobacco Magyarorszag cancelled their membership in the Hungarian Tobacco Industry Association.