{"id":645194,"date":"2017-07-13T04:17:10","date_gmt":"2017-07-13T04:17:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/13\/eastern-company-raises-low-cost-cleopatra-cigarettes-prices-by-4-2-17-6\/"},"modified":"2017-07-13T04:17:10","modified_gmt":"2017-07-13T04:17:10","slug":"eastern-company-raises-low-cost-cleopatra-cigarettes-prices-by-4-2-17-6","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/13\/eastern-company-raises-low-cost-cleopatra-cigarettes-prices-by-4-2-17-6\/","title":{"rendered":"Eastern Company raises low-cost Cleopatra cigarettes prices by 4.2%-17.6%"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> The Eastern Tobacco Company hiked prices for three of its Cleopatra products by 4.2-17.6% due to increasing production costs, Chairman <a href=\"http:\/\/www.reuters.com\/article\/egypt-economy-eastern-company-idUSL8N1K3248\">Mohamed Othman Haroun tells Reuters<\/a>. The company justified the increases with the 100 bps rise in the value-added tax (VAT) that came into effect with the start of the new fiscal year, in a filing to the bourse <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1161457\">picked up by AMAY<\/a>. The Finance Ministry\u2019s VAT commissioner was quick to <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1161511\">quash these claims<\/a>, explaining that VAT for cigarettes is calculated under a separate system. Vice Minister of Finance Amr El Monayer had previously said that the prices of cigarettes <a href=\"https:\/\/enterprise.press\/stories\/2017\/07\/02\/what-were-tracking-on-02-july-2017\/\">would not rise<\/a> after the VAT rises. <a href=\"http:\/\/gate.ahram.org.eg\/News\/1551729.aspx\">Ahram Gate<\/a>, however, is reporting that the Finance Ministry did tell the company it wants revenues from the company to increase 50%. The Tax Authority <a href=\"http:\/\/www.mof.gov.eg\/Arabic\/MofNews\/WhatsNew\/Pages\/latestnews-a1-12-7-17.aspx\">said in a statement<\/a>, however, that the decision to raise prices came from the company and not under the direction of any state authority. Japan Tobacco International and British American Tobacco will not be hiking prices, company representatives <a href=\"https:\/\/alborsanews.com\/2017\/07\/12\/1037088\">tell Al Borsa<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Eastern Tobacco Company hiked prices for three of its Cleopatra products by 4.2-17.6% due to increasing production costs, Chairman Mohamed Othman Haroun tells Reuters. The company justified the increases with the 100 bps rise in the value-added tax (VAT) that came into effect with the start of the new fiscal year, in a filing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9309],"tags":[2416,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-645194","post","type-post","status-publish","format-standard","hentry","category-basic-materials-commodities","tag-basic-materials-commodities","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"88dd9d60-a9c2-43de-a947-813afe64e73c","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[645163],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Eastern Company raises low-cost Cleopatra cigarettes prices by 4.2%-17.6% - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/13\/eastern-company-raises-low-cost-cleopatra-cigarettes-prices-by-4-2-17-6\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eastern Company raises low-cost Cleopatra cigarettes prices by 4.2%-17.6%\" \/>\n<meta property=\"og:description\" content=\"The Eastern Tobacco Company hiked prices for three of its Cleopatra products by 4.2-17.6% due to increasing production costs, Chairman Mohamed Othman Haroun tells Reuters. 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Earlier this month, Eastern Company had increased the prices for three of\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596020,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/18\/eastern-tobacco-raises-prices-of-some-products\/","url_meta":{"origin":645194,"position":1},"title":"Eastern Tobacco raises prices of some products","author":"enterpriseam admin","date":"18 August 2019","format":false,"excerpt":"Eastern Tobacco raised the prices of its Mundial and Black Label cigarettes by EGP 1, the company said in a bourse filing (pdf). Mundial cigarettes now cost EGP 17.5 per pack and Black Label costs EGP 23 per pack. The increase is due to VAT, the company said.","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647763,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/18\/eastern-company-pmi-agree-on-new-prices-for-cigarette-production\/","url_meta":{"origin":645194,"position":2},"title":"Eastern Company, PMI agree on new prices for cigarette production","author":"enterpriseam admin","date":"18 May 2017","format":false,"excerpt":"The Eastern Tobacco Company will be producing up to 15 bn cigarettes for Philip Morris International at USD 5.8 per 1,000 units and between 15-22 bn cigarettes at USD 6.2 per 1,000 cigarettes, the company said in a regulatory filing (pdf) on Wednesday. Philip Morris will pay Eastern Company in\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":652593,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/15\/eastern-company-raises-prices-of-cleopatra-cigarettes\/","url_meta":{"origin":645194,"position":3},"title":"Eastern Company raises prices of Cleopatra cigarettes","author":"enterpriseam admin","date":"15 January 2017","format":false,"excerpt":"Eastern Company has raised the prices of Cleopatra cigarettes by EGP 0.25-1.50 per pack, blaming FX pressure of the move, Al Masry Al Youm reported. Eastern had promised last month to not raise the price of its lowest-cost product category.","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":673373,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/10\/12\/vat-hike-on-cigarettes-coming-soon\/","url_meta":{"origin":645194,"position":4},"title":"VAT hike on cigarettes coming soon","author":"enterpriseam admin","date":"12 October 2025","format":false,"excerpt":"The VAT amendments were ratified in July","rel":"","context":"In &quot;Tax&quot;","block_context":{"text":"Tax","link":"https:\/\/enterpriseam.com\/egypt\/category\/tax\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/10\/503.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":668691,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/20\/el-sisi-ratifies-vat-law-amendments-eastern-company-hikes-cigarette-prices\/","url_meta":{"origin":645194,"position":5},"title":"El Sisi ratifies VAT Law amendments + Eastern Company hikes cigarette prices","author":"enterpriseam admin","date":"20 July 2025","format":false,"excerpt":"PLUS- Egypt engaged with key players in nuclear talks","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1215.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/645194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=645194"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/645194\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/645163"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=645194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=645194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=645194"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=645194"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=645194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}