Eastern Company explains reasons behind tobacco price increase in Egypt ...Egypt

The CEO of the Eastern Company for Tobacco Products, Hani Aman discussed the increase in prices for the company’s products, implemented starting Saturday. In a phone interview with TV host Amr Adib on the “al-Hekaya” (The Story) show, Aman assured that the increase in cigarette prices is very slight compared to the large increase in raw material prices. He added: “We are not a very commercial company, otherwise we would have raised our prices by large proportions like other companies, but we look at the issue from a different point of view… Cigarettes are a strategic commodity.” Aman denied the existence of a shortage in cigarettes, stressing that the company’s production is at normal levels

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