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SEKAP

Greek Court Suspends €44Mln Fine for Tobacco Company

The First Instance Administrative Court of Komotini suspended the enforcement of a €44 million fine imposed on SEKAP tobacco company for actions allegedly made prior to its acquisition by the Ivan Savvidis group. The court in its decision N22 / 2018...

SEKAP Tobacco Company Gets Temporary 3-week Stay in Debt Collection

After a few weeks of public turbulence with its board threatening with a total shutdown of operations, the troubled SEKAP tobacco company received a short stay in debt collection by a Greek court. The company was granted a temporary stay...

Greek Tobacco Manufacturer SEKAP Suspends Payments

Greek tobacco giant SEKAP held an extraordinary board council meeting on Thursday to discuss the company's financial problems due to an outstanding state debt issued 8 years ago for a series of violations. The board council decided to launch procedures...

Greek Tobacco Industry SEKAP on the Verge of Bankruptcy

The possibility of bankruptcy that is to be discussed at an extraordinary board meeting of the Greek tobacco industry SEKAP, is scheduled for Thursday. SEKAP; which is owned by Russian-Greek investor Ivan Savvidis, has been asked by a Komotini Court...

Tsipras-Mitsotakis Battle it out in Greek Parliament Over Controversial Bill

Prime Minister Alexis Tsipras and main opposition leader Kyriakos Mitsotakis exchanged harsh words in Greek Parliament on Friday over a controversial bill exempting a certain businessman of fines. The bill amendment appeared in the House at the last minute on...

Putin Says Greek Investments Risky

Days after Greek Prime Minister Antonis Samaras wrote him a letter asking for Russia to reduce prices paid for Russian gas, Russian President Vladimir Putin took a shot at Russian entrepreneurs for investing in Greece, which he described as...