'Promise has remained as a promise', Corporate Director of British American Tobacco Declares

22:21 Wed, 02 December

GEO

USD

$ 3.3185

EUR

€ 3.9722

GBP

£ 4.4309

RUB

₽ 0.0436

TRY

₺ 0.0042

AZN

₼ 0.0195

Bitcoin

18,971.2000

Ethereum

589.5960

Bitchoin Cash

290.1260

Litecoin

86.2370

XRP

0.6130

25.Dec .2019 12:23

"Promise has remained as a promise", Corporate Director of British American Tobacco Declares

338

Back

Hopefully, mistakes regarding tobacco excise tax will not be repeated, said Zviad Skhvitaridze, Corporate and Legal Director of British American Tobacco (BAT).

According to him, it is important that promises made by the government to be fulfilled.

"A number of factors are not so well reflected on the tobacco price; moreover all these disadvantageous are unprofitable for the country and state budget, because revenues form excise tax are reduced by 400 million. Hopefully, such mistakes that have been made will not be repeated.

In general, we have a good relationship with the Ministry of Finance, Revenue Service and Ministry of Finance, but we must work in a way that given promises must be fulfilled. We had an extended meeting with the Minister in the middle of the year and we talked about two issues - one was cutting tobacco regulation, however we have achieved and regulated it. While, the second was an action plan for several years, which will become part of the tax code related to excise tax increase, but that promise remained as a promise,” he said Zviad skhvitaridzem.
It worth to note, that Zviad Skhvitaridze said yesterday, that tobacco prices have increased by 20 tetri.

British American Tobacco Zviad Skhvitaridze

Related news

See all the news

All

Visa Will Offer a Credit Card That Rewards Purchases in Bitcoin, Rather Than Cash or Airline Miles, in Early 2021

02.Dec.2020 21:00

“The Main Issue Is Not the Rise in Price of Natural Gas, but Why the GEL Exchange Rate Is Falling” – Vepkhvadze

02.Dec.2020 18:00

Global Stocks Edge Lower Despite the UK’s Approval of Pfizer and BioNTech’s COVID-19 Vaccine

02.Dec.2020 16:30

The GEL Depreciation Increased the Public Debt by GEL 1.84 Billion – the Audit Report

02.Dec.2020 16:15

Government set up working group to ensure a smooth COVID-vaccination process

02.Dec.2020 14:00

Restrictions will not be revised - the Minister of Health

02.Dec.2020 13:45

LIVE BOX

#BMGDRIVE -
/
#TheCheckpoints - 15.11.2020 - the full show
/

"Promise has remained as a promise", Corporate Director of British American Tobacco Declares

Related news

Visa Will Offer a Credit Card That Rewards Purchases in Bitcoin, Rather Than Cash or Airline Miles, in Early 2021

“The Main Issue Is Not the Rise in Price of Natural Gas, but Why the GEL Exchange Rate Is Falling” – Vepkhvadze

Global Stocks Edge Lower Despite the UK’s Approval of Pfizer and BioNTech’s COVID-19 Vaccine

The GEL Depreciation Increased the Public Debt by GEL 1.84 Billion – the Audit Report

Government set up working group to ensure a smooth COVID-vaccination process

Restrictions will not be revised - the Minister of Health

Visa Will Offer a Credit Card That Rewards Purchases in Bitcoin, Rather Than Cash or Airline Miles, in Early 2021

Here’s When Coronavirus Vaccines Will Be Rolled Out in Advanced Economies, According to Goldman Sachs

Fashion’s Nightmare Before Christmas As Debenhams Joins U.K. Carnage

“The Main Issue Is Not the Rise in Price of Natural Gas, but Why the GEL Exchange Rate Is Falling” – Vepkhvadze

Coordination Council Discusses the Details of Preparation for the Vaccination Stage

A Special Working Group Has Been Established to Ensure Streamlined COVID Vaccination

Berdia Sichinava: 4 033 New Cases of COVID-19 Have Been Confirmed and 4 061 Recoveries Have Been Witnessed Within the Last 24 Hours

Roche’s Coronavirus Antibody Test Gets Emergency Use Authorization From the U.S.

Auris Medical Skyrockets 480% After Announcing Lab-Test Results That Show Its Nasal Spray Could Protect Against COVID-19

Global Stocks Edge Lower Despite the UK’s Approval of Pfizer and BioNTech’s COVID-19 Vaccine

"Promise has remained as a promise", Corporate Director of British American Tobacco Declares

Related news

Visa Will Offer a Credit Card That Rewards Purchases in Bitcoin, Rather Than Cash or Airline Miles, in Early 2021

“The Main Issue Is Not the Rise in Price of Natural Gas, but Why the GEL Exchange Rate Is Falling” – Vepkhvadze

Global Stocks Edge Lower Despite the UK’s Approval of Pfizer and BioNTech’s COVID-19 Vaccine

The GEL Depreciation Increased the Public Debt by GEL 1.84 Billion – the Audit Report

Government set up working group to ensure a smooth COVID-vaccination process

Restrictions will not be revised - the Minister of Health

Subscribe business news

Visa Will Offer a Credit Card That Rewards Purchases in Bitcoin, Rather Than Cash or Airline Miles, in Early 2021

Here’s When Coronavirus Vaccines Will Be Rolled Out in Advanced Economies, According to Goldman Sachs

Fashion’s Nightmare Before Christmas As Debenhams Joins U.K. Carnage

“The Main Issue Is Not the Rise in Price of Natural Gas, but Why the GEL Exchange Rate Is Falling” – Vepkhvadze

Coordination Council Discusses the Details of Preparation for the Vaccination Stage

A Special Working Group Has Been Established to Ensure Streamlined COVID Vaccination

Berdia Sichinava: 4 033 New Cases of COVID-19 Have Been Confirmed and 4 061 Recoveries Have Been Witnessed Within the Last 24 Hours

Roche’s Coronavirus Antibody Test Gets Emergency Use Authorization From the U.S.

Auris Medical Skyrockets 480% After Announcing Lab-Test Results That Show Its Nasal Spray Could Protect Against COVID-19

Global Stocks Edge Lower Despite the UK’s Approval of Pfizer and BioNTech’s COVID-19 Vaccine