e-cigarette philip morris

Philip Morris Inaugurates E-Cigarette Recycling Center in Hungary

MTI-Hungary Today 2021.08.31.

Tobacco company Philip Morris inaugurated a 3 billion forint (EUR 86m) e-cigarette recycling center in Gyál, on the outskirts of Budapest, on Monday.

Philip Morris Sustainability Director Miguel Coleta said the center can recycle 150,000 electric tobacco devices a month, but capacity can be increased.

The company picked the site because of Hungary’s economic stability and the favourable investment environment, he added.

State secretary Tamás Menczer said the investment created 100 jobs, noting that Philip Morris has just one other recycling centre, in Japan.

Philip Morris’ revenue in Hungary was over 230 billion forints (EUR 661 million) last year.

E-cigarette Sales Restricted to State-run Shops

Parliament on Tuesday approved legislation limiting the sale of electronic cigarettes and e-cigarette cartridges to the state-run network of tobacco shops. The law was passed with 117 votes in favour, 37 against and 15 abstentions. The legislation reduces the excise tax on e-cigarette liquid from 55 forints to 20 forints per millilitre, closer to levels […]Continue reading

Featured photo by Tibor Illyés/MTI