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Eastern Tobacco Results

Eastern Tobacco Company has reported on growth in production by 8.5 per cent

After a dramatic rise in excise on cigarettes in Egypt the share of tax in the price has neared the WHO ideal (70%), retail prices growing by as much as 25% at once. Contrary to all tales about the effectiveness of this measure for reduction in smoking, it has only increased in the country. The market leader, Eastern Tobacco Company (ETC) has reported on its results for the fiscal year 2015 and growth in...

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