Wine Sales Recover In Spain And Grow 14% In 2021

Wine sales recover in Spain and grow 14% in 2021. The hotel channel returns to concentrate 51% of sales. 77% of the wineries increased their sales volume in the national market. Direct sales remain at the 8% reached during the pandemic.

Wine sales in the national market increased by 14% in volume in 2021, confirming the recovery of the sector, which was strongly affected by the pandemic, according to data from the latest study carried out by the Spanish Market Observatory del Vino (OeMv) and the consulting firm Wine Intelligence, in which an increase of 14.5% in value is anticipated.

Specifically, the study confirms that 77% of Spanish wineries increased their sales volume in the Spanish market, since the Horeca channel has recovered to practically pre-pandemic levels, concentrating 51% of the sales volume and the food channel maintains its weight at 36%, approaching 37% of sales in 2019.

The report highlights that the main novelty comes from the direct sales channel, which maintains the weight that it already reached in 2020, reaching 8% of wine sales, which means improving the figures of 5% registered in 2019, just before from the start of the pandemic.

Regarding the types of wine, the study highlights that sparkling and still wines with Designation of Origin were the ones that best recovered during the past year.

In general, in 2021 wines of all retail prices experienced a recovery, although those of less than two euros did not grow as much as other price ranges that did recover to double figures, while the greatest increase occurred between wines from 15 to 24.99 euros.

Finally, small wineries (less than 500,000 liters) suffered the greatest falls during the pandemic due to their lower penetration in the food channel, but they have been the ones that have shown the greatest recovery in both value and volume in 2021, followed by the medium warehouses.

A NASA Engineer Made Teleworking In Light Of The Oil Emergency

In the midst of the energy crisis and the high rise in prices , we find ourselves in the need to look to the past and look for those methods that made us stay afloat. Strategies linked to the habits that helped contain spending and improve the economy and that today would give us a boost to face this dizzying moment.

In this context, there are two contemporary trends that are part of the current collective debate: teleworking , as a product of the Covid-19 pandemic; and the energy problem , due to lack of supplies of all types of fuel generated by the war between Russia and Ukraine.

What might these trends have in common? Both, and without so many warnings, had a historical milestone in 1973 that made them accomplices during the Yom Kippur War, which brought with it one of the biggest economic and energy crises in the world.

The person responsible for the symbiosis of both trends 40 years ago, NASA engineer Jack Nilles . He was the one who used the concept of teleworking (coined by himself) as a response and economic strategy to the fuel shortage that occurred in the United States in 1973, as a result of the oil embargo of Arab exporters.

Given the bleak energy scenario of the time, Nilles wanted to contribute with his experience. It was then that he analyzed how companies could save money during the oil crisis in the North American country. Thus he raised the idea of ​​”bringing the work to the worker” and not vice versa. With that you could “reduce” the use of the car and fuel.

Hybrid work experiment
“Usually people in Los Angeles drive to work at an office, somewhere downtown, but what if workers didn’t need to get in their cars to get to work?” Niles asked. “Working from home could replace the need to travel.” And so began the world’s first large-scale experiment in the hybrid work format .

Along these lines, in his study called Telecommunications-Transportation Tradeoff (1976) he argues that “if one in seven workers did not have to travel to their workplace, the United States would not have the need to import oil”, which became a strategy to face the energy crisis of the moment.

Telecommuting concept
With the aforementioned, he devised the concept of “telecommuting”, with which transportation and pollution problems were reduced , in addition, by applying this new trend, the quality of life of workers and their productivity improved. In this way, the engineer called the concept “part-time telecommuting”, which mixed remote work days with office days.

” I helped NASA put a man on the moon , so why couldn’t I do something about the horrible crisis problem?” said Jack Nilles, now 89.

New Privileges Of Domestic Laborers In Spain

This week has been historic for domestic workers, who with the ratification of Convention 189 of the International Labor Organization (ILO) by the Congress of Deputies will enjoy new labor rights in the near future that will put them on a par with other workers in general.

This ILO Convention 189 mainly affects women , who make up the vast majority of what is, in practice, a highly feminized sector (95.5% of the 378,000 workers in the Special System of Domestic Employees are women, according to with Security data at the end of April ).

There is also a marked nature of this work in terms of nationality: more than 164,000 workers of the total (43.3%) are of foreign nationality, according to Social Security affiliation statistics .

All these people will see their labor conditions and rights improve, albeit with a delay. Spain has taken 11 years to ratify a convention that was signed by the ILO at its congress on June 1, 2011 (and which can be consulted in Spanish on the same ILO website ). The text deals with fundamental issues that must be reviewed and reflected in national regulations.

right to unemployment
Domestic workers must access unemployment benefits (and especially contributory unemployment benefits) under the same conditions as the rest. Until now, due to the non-existence of unemployment contributions, necessary to collect these benefits, female workers were left without economic protection at the time an employment relationship ended.

This is an aspect that was already disfigured months ago by the Court of Justice of the European Union (CJEU) in a ruling that has spurred the ratification of Convention 189 after reproaching Spain for what in practice was discrimination based on sex.

written contracts
As stated in the Agreement, the working conditions must be indicated, if possible, in a written contract that must include the details of the employer, the place of work, the start date of the contract, the type of work to be carried out, the remuneration (its method of calculation and the frequency of payments), normal working hours, annual vacations and rest periods, provision of food and accommodation (if applicable), the possible trial period, repatriation conditions…

Equality in breaks, overtime, paid vacations…
Article 10 of Convention 189 establishes that equality with other workers must be ensured “in relation to normal working hours, compensation for overtime, daily and weekly rest periods (at least 24 hours in a row) and paid annual leave.

Guarantee the SMI
The Convention makes it clear that, if a minimum wage applies in the country in which they work, domestic workers must receive it as a minimum. In Spain, there have already been campaigns by the Labor Inspectorate to regularize the salary of these workers. Currently, the Minimum Interprofessional Salary is 1,000 euros per month or 7.82 euros gross per hour actually worked.

Monthly wages and in kind
Payment is guaranteed on a regular basis and at least once a month. Payment in kind of a “limited portion” of that salary is also permitted and guaranteed, provided that the worker agrees.

Quote by FOGASA
The Convention advocates that domestic workers have “conditions no less favorable than the conditions applicable to workers in general with respect to social security protection.” This connects with the current absence of contributions by the Salary Guarantee Fund (FOGASA), which protects workers in situations of non-payment. With the ratification of the Convention, domestic workers will be included within its protection.

anti-bullying protocols
Article 5 of the Convention also requires “measures to be taken to ensure that domestic workers enjoy effective protection against all forms of abuse, harassment and violence”.

When will ILO Convention 189 apply?
Once the Convention has been ratified, it is up to the Government to draw up the regulations that establish, black on white, the new conditions and rights of domestic workers. A task that, before that ratification, has already been done in recent weeks.

Yolanda Díaz, Minister of Labor, explained a few days ago that the development of this regulation will be even “more extensive” and that it will not take long to see the light. According to the second vice president, this could happen “in a few days . ” Among the measures that could accompany the previous ones, regulations for the dismissal of these workers, their inclusion in the Law for the Prevention of Occupational Risks or the granting of greater facilities to the Labor Inspectorate, according to El Salto .

The Secretary Of State For Education Features The Ministry’s Obligation To Education

The Secretary of State for Education highlights the Ministry’s commitment to education for sustainable development. The Secretary of State thanked the participating teachers and centers. The Secretary of State for Education, José Manuel Bar Cendón, today participated in the ceremony for the Zinkers Awards that Fundación Repsol awards to the best educational projects on sustainability.

In his speech, Bar Cendón underlined the transforming power of education and congratulated the winners for their “commendable work in raising awareness, sowing seeds to train future good men and women who contribute to making this world a better, more fair and balanced.

The Secretary of State thanked the participating teachers and centers and the Repsol Foundation for “their commitment” to sustainable development and ecological transition. “A commitment that we share in the Ministry of Education and that we have included in the new Education Law and in the compulsory education curricula, which incorporate the principles for education of sustainable development and ecological transition”, he pointed out in his speech.

The Secretary of State for Education highlights the Ministry’s commitment to education for sustainable development. The Secretary of State thanked the participating teachers and centers. The Secretary of State for Education, José Manuel Bar Cendón, today participated in the ceremony for the Zinkers Awards that Fundación Repsol awards to the best educational projects on sustainability.

In his speech, Bar Cendón underlined the transforming power of education and congratulated the winners for their “commendable work in raising awareness, sowing seeds to train future good men and women who contribute to making this world a better, more fair and balanced.

The Secretary of State thanked the participating teachers and centers and the Repsol Foundation for “their commitment” to sustainable development and ecological transition. “A commitment that we share in the Ministry of Education and that we have included in the new Education Law and in the compulsory education curricula, which incorporate the principles for education of sustainable development and ecological transition”, he pointed out in his speech.

Inditex Is Indeed One Of The Top Picks Of Speculation Banks

If there is a value for which the war in Ukraine due to its exposure to Russia and the inflationary environment have marked a before and after on the floor, that has been Inditex . The textile is the second most punished value so far in 2022, with losses of 23%, a period in which analysts have cut their profit forecasts by 15% for this year to 3,470 million euros for the year tax 2022-2023.

But May has been a turning point for its titles, which have closed the month with increases of more than 11% and have signed their best record since February 2021 . An advance that has allowed it to recover nearly 7,000 million euros of capitalization in the last month, hot on the heels of Iberdrola as the largest listed Ibex 35 by size, of which it is just under 500 million.

This rebound is only confirming the opinion that the punishment that the Galician has been receiving in the stock market in recent months is disproportionate. In this review, the firm has gained more weight in the portfolio prepared by elEconomista from 50 analysis firms from which the indicator is fed and to which it returned in September 2021.

Although its weight is equally weighted within the index, the weighting of Inditex has gone from 3.98% in March to 5.92% today. An increase with which it closes the gap with Repsol , which is once again the favorite, although it has lost weight, going from 9.6% three months ago to 8.7%.

From the annual highs that its price reached in January at 28.66 euros, defending profit multipliers of around 25 times, today its share is trading around 20% below those levels. In this way, its PER (number of times the profit is included in the share price) has been reduced to 19.8 times, which represents a discount of 10.5% compared to its main peers in the sector. Likewise, the consensus has given him back the buy advice compared to the hold that he received at the beginning of the year.

XTB, which has decided to include it in its portfolio for this quarter, justifies its decision as follows: “Inditex is a thermometer of the retail sector and therefore of the real situation of consumers who have seen how inflation has reduced their purchasing power. Supply chains continue to be a problem in a sector that produces almost all of its products in Asia,” says XTB, which has opted for textiles in its portfolio .

“On the other hand”, they add, “in the Asian market and specifically in China, the restrictions and confinements have weighed down sales, even online , given the impossibility of being able to make deliveries. With the recent reopening we could see a better performance in the face of a improved expectations for this quarter”.

Waiting for your results
On Tuesday Inditex will communicate the figures corresponding to its first fiscal quarter and that will serve to quantify in its accounts the effects of the war, cost increases and weaker demand. “We forecast local currency sales to rise a solid 23%. Although this would be a slight slowdown compared to the already announced 33% growth between February 1 and March 13, we believe this represents an impressive performance in terms of in absolute terms and seems to show that the mid-single-digit price increase passed on to customers earlier in the year has had no impact on volume growth,” Barclays notes.

For JP Morgan, short-term business results aside, consumer prospects are uncertain and retailers face continued inflationary headwinds. “Although Inditex is not immune to these pressures, we continue to see it as the best of our coverage and, in fact, we consider that the strength of its business model has been extended, rather than reduced from the pandemic,” they point out.

CIMA Capital’s portfolio is the most profitable this year
The explosive cocktail of war, runaway inflation and massive stimuli in the last three months of 2022 has not prevented 44 of the 50 portfolios with which the Eco10 is built from having positively resisted since the portfolio started on November 30 until last may 31.

Among them, the portfolio that offers the greatest increases is that of CIMA Capital, with 41.1%. The firm has relied on Ence and Tubacex during this period , which have been the securities that have provided the highest returns, with 65% and 53%, respectively. But also in Elecnor , which to date had bounced 29%, Grifols with 27.5% and Prosegur Cash with 26%. Looking ahead to this quarter, they have decided to keep it practically the same, except for the replacement of Ence by Iberpapel .

After CIMA, the most bullish portfolios in the second quarter of the Eco10 have been those of Auriga and Azvalor, which have added 32% and 27%, respectively.

Four Funds From The League Already Offer Double-Digit Returns

While the Ibex tries to consolidate its entry into positive territory in the year, the most active Spanish stock managers, grouped in the elEconomista League , are already beginning to reap the rewards, since 19 of the 34 investment vehicles included in the classification are in green, and nine of them exceed 5% profitability. But the most remarkable thing is that in this environment there are four funds that are managing to provide added value, by obtaining double-digit returns.

The undisputed leader continues to be Azvalor Iberia , with 26.80%, according to Morningstar data as of June 1, thanks to the possibility of being able to invest 10% of the portfolio in non-Iberian companies belonging to the OECD, which allows its managers, Álvaro Guzmán and Fernando Bernad, include firms related to raw materials, one of its strengths .

Cobas Iberia also includes this ‘trick’ that they can perform through a brochure, but it does not apply it. Hence, its yield drops to 15.27%, a percentage that sounds exorbitant considering the behavior of the Spanish stock market. They are followed by Sigma Equity Spain , managed by Gonzalo Lardiés at Andbak, which this year is standing out in the League, with 14.71%, and Dux Iberian Value, advised by Santiago Cano , who achieved 14%.

Other funds that week after week are among the top ten in the League are the Okavango Delta , managed by José Ramón Iturriaga, whose strong commitment to banks is helping him to consolidate his position this year , with 9%; Santander Acciones Españolas , which is now under the responsibility of Rodrigo Utrera , Mutuafondo España , Sabadell España Dividendo Base , Horos Value Iberia and BBVA Bolsa are next on the list, in which other funds that follow a value strategy are having uneven luck within the classification.

Magallanes Iberian Equityis in eleventh position, with 4.11%, while Bestinver Bolsa is placed in fifteenth position with 1.98%, followed by Metavalor , under the responsibility of Alberto Roldán as investment director , with 1.47% .

The one who fails to raise its head week after week is Fidelity Iberia , managed by Karoline Rosenberg and Mac Elatab, one of the funds in the League with the largest asset volume, with 172 million euros . It lost almost 7% in the year, with a portfolio in which values ​​such as Iberdrola, Amadeus, Inditex, Applus, Indra, Ferrovial, Acciona Energías Renovables, Catalana Occidente, Jeronimo Martins and Logista appear in the first positions, and in which Firms such as Deutsche Borse, Infineon, Merck, Prosus, Just Eat Takeaway and Sandvik also have a place.

Detailed Report of 1940 Thailand Currency Ban

Thailand is a country located in Southeast Asia. It consists of three main regions- the north, the east and the south. The north is home to the country’s largest city, Bangkok. The east is home to the central region, which is home to the country’s largest city, Phnom Penh. The south is home to the country’s second largest city, Kuala Lumpur.

The currency of Thailand is the baht. The baht is made up of 20 catties and is divided into 100 sen. The sen is divided into 100 baht. The baht is also subdivided into 100 rai.

The currency of Thailand is the most traded currency in the world. It is also the most traded currency in South East Asia.

Since July, the Thai government has been struggling to keep its currency from freefalling. In order to halt the decline, on July 2nd the government announced a ban on the export of Thai Baht in 1940.

This move was not successful, and on July 5th the Thai Baht plummeted to a six-year low against the US dollar. The government has not announced any new measures to halt the decline.

Why is the Thai Baht falling?

There are a number of factors that have contributed to the decline of the Thai Baht.

First, the Thai economy is struggling. The growth rate has been declining for several years, and in 2018 it was just 2.8%. This is due in part to the slowdown of the Chinese economy, which is a major trading partner of Thailand.

Second, the Thai government has been raising interest rates in an attempt to halt the decline of the Baht. This has caused the cost of borrowing money to increase, which has led to a slowdown in the economy.

Third, there is a political crisis in Thailand. The current government is very unpopular, and there is a lot of political instability. This is making investors nervous and causing them to pull their money out of the country currency ban in 1940.

What does the currency ban mean for businesses and consumers?

The currency ban means that businesses in Thailand can no longer export Thai Baht. This is likely to cause a shortage of Baht in the country, which could lead to higher prices and reduced economic growth.

Consumers in Thailand may also see higher prices as a result of the currency ban. The cost of imported goods is likely to increase, as businesses will need to buy foreign currency to pay for them.

There is some hope for the Thai Baht. The government has been raising interest rates, and this may help to halt the decline of the currency.

The political situation in Thailand is also likely to improve over time, which could make investors more confident in the country.

However, it is likely that the Thai Baht will continue to decline in the short-term, as the economy is struggling and the political situation is unstable.

1890 Inflation Rate Shows The Report Of 1.5%

Inflation rates have been on a steady rise for the past few decades, with the current rate reaching 2%. This increase in inflation is most likely due to the increase in the cost of goods and services, as well as the increase in the money supply.

In order to combat this inflation, the government has been trying to increase the money supply in order to reduce the cost of goods and services. Additionally, the government has been trying to reduce the number of goods and services that are priced too high.

The 1890 inflation rate was 1.5%. This means that prices on average increased by 1.5% over the course of the year.

This was a relatively low inflation rate compared to other years. For example, the inflation rate was 10.9% in 1890. This means that prices on average increased by 10.9% over the course of the year.

This was due in part to the fact that the US economy was doing relatively well at the time. The country had recently recovered from the depression of the late 1800s, and the economy was growing rapidly.

However, there were some factors that contributed to the high inflation rates in other years. For example, the US was involved in several wars in the early 1900s, which contributed to high inflation rates.

In 1890, the U.S. had a inflation rate of over 10%. This means that the cost of goods and services went up by at least 10% over the previous year. This high inflation rate made it difficult for people to afford goods and services and led to a lot of financial problems.

Bicycle Industry is Booming Due To Health Awareness

The bicycle industry is booming, with more and more people taking up cycling as a form of transportation and exercise. This is great news for cyclists, as it means that there are more and more high-quality bicycles available on the market.

There are a number of different bicycle manufacturers, each with its own unique approach to design and engineering. Some of the most popular brands include Specialized, Trek, and Giant.

Each manufacturer has its own strengths and weaknesses. Specialized, for example, is known for its high-quality bicycles, but they can be quite expensive. Trek is a more affordable option, but their bikes may not be as durable as those from Specialized. Giant is a good middle-of-the-road option, with bikes that are durable and affordable.

When choosing a bicycle manufacturer, it is important to consider your needs and budget. If you are looking for a high-quality, expensive bike, then Specialized is the best option. If you are looking for a more affordable option, then Trek or Giant are good choices.

There are a few bicycle manufactures that have been around for a while and have a good reputation. Some of these companies are Trek, Specialized, and Cannondale.

Trek is a bicycle manufacturer that was founded in Wisconsin in 1976. The company is known for its quality bikes, and it has a wide range of models for different types of cyclists. Trek also offers a lifetime warranty on its frames.

Specialized is a bicycle manufacturer that was founded in California in 1974. The company is known for its high-end bikes, and it has a wide range of models for different types of cyclists. Specialized also offers a lifetime warranty on its frames.

Cannondale is a bicycle manufacturer that was founded in Connecticut in 1971. The company is known for its high-quality bikes, and it has a wide range of models for different types of cyclists. Cannondale also offers a lifetime warranty on its frames.

Modren Dance Moves Have Completely Changed in Past Decades

If you’re ever feeling lost on the dance floor, don’t panic! Here are some easy moves to help you get started.

First, let’s start with the basics. When you’re on the dance floor, always keep your eyes on your partner and keep your body moving in time with their movements.

Here are some basic dances that you can try: the waltz, the fox-trot, the two-step, and the cha-cha-cha.

To do the waltz, start by facing your partner and taking their hand. Then, slowly walk around them in a figure 8. When you reach the other side, turn to face them and hold their hand again.

To do the fox-trot, start by facing your partner and taking their hand. Then, slide your hand down their arm until you reach their hand. Step forward with your other foot, and hold their hand as you walk.

To do the two-step, start by facing your partner and taking their other hand. Then, step back with your left foot and hold their hand. Step forward with your right foot and hold their hand.

To do the cha-cha-cha, start by facing your partner and taking their other hand. Then, step back with your left foot and hold their hand. Step forward with your right foot and hold their other hand.

Dancing moves have changed drastically in the past few decades. In the early days of ballroom dancing, couples would dance to romantic ballads and fox trots. This type of dance was simple and required few moves. As time went on, ballroom dancing evolved into a more complicated form that incorporated more figures and steps.

One of the most significant changes in ballroom dancing was the introduction of the waltz. The waltz was a dance that combined the steps of the polka and the trot. This dance was revolutionary because it allowed couples to dance together in close proximity.

Another major change was the rise of the tango. The tango was a dance that combined the steps of the Charleston and the tango. This dance became very popular in the 1940s and 1950s because it was a very sensual dance.

Today, ballroom dancing is a very diverse form of dance that incorporates many different moves. There are still several moves that are unique to ballroom dancing, and these moves will continue to evolve over time.