scholarly journals Influence of price level of imported wine on competition in the wine-production sector in the Czech Republic

2012 ◽  
Vol 50 (No. 7) ◽  
pp. 317-322
Author(s):  
R. Černíková
Keyword(s):  
Czech Republic ◽  
Price Level ◽  
Import Price ◽  
Price Policy ◽  
Wine Production ◽  
Import Prices ◽  
The Czech Republic ◽  
Production Sector

The paper is a part of solution of the grant awarded by the Ministry of Agriculture (NAZV) No. QF 3276 and analyzes the influence of the price level of imported bottled wine on the competition in the wine-production sector in the Czech Republic. The comparison of the industrial producers’ prices in the Czech Republic with the average import prices of bottled wine in particular years brings us to conclusion that a threat for Czech producers is first the price of the imported table wine (white and red) at present. The average import prices of this wine category varied under the minimal average industrial producers’ prices in 1998–2003. The average import price of the white table wine in containers up to 2 liters was 19 CZK per liter in 2003 and the minimal average industrial producers’ price was 26.90 CZK per liter in the same year. The price level is higher in case of the red table wine in general, but the average annual import prices (in 2003, 23 CZK per liter) also varied under the minimal average industrial producers’ prices in all analyzed years (in 2003, 29.70 CZK per liter). The situation is more positive for the Czech wine producers in case of the quality wine. There is a space for an increase in price. The average import prices were by 25 CZK per liter per year higher in average than the maximal industrial producers’ prices in the Czech Republic in all analyzed years. However, while the average annual import price of the white quality wine increases (50 CZK per liter in 1998; 93 CZK per liter in 2003) and creates a bigger space for the Czech wine producers in the price policy, the average annual import prices of the red quality wine varied around 80 CZK per liter in all analyzed years.

scholarly journals Analysis of the wine production sector in the Czech Republic and Germany

2004 ◽  
Vol 52 (6) ◽  
pp. 19-26 ◽  
Author(s):  
Renata Černíková ◽  
Pavel Žufan
Keyword(s):  
Czech Republic ◽  
Foreign Trade ◽  
Red Wine ◽  
White Wine ◽  
Domestic Consumption ◽  
Wine Production ◽  
The Czech Republic ◽  
Production Sector ◽  
Domestic Production ◽  
Very High

The paper analyzes the current situation and the development in the wine production sector in the Germany and compares it with the situation in the wine production sector in the Czech Republic. The aim is to find identical trends and differences in the production and consumption of wine and foreign trade with wine in the both countries. The aim also is to define the main opportunities and threats for German wine producers in the Czech market and for Czech wineries in the German market.The domestic production is not able to cover the domestic consumption of wine in the both analyzed countries that is why wine is necessary to import. The domestic production covered only 52% of the domestic consumption in the Germany and only 41% of the domestic consumption in the Czech Republic in the analyzed years on average. The proportion in the production of red and white wine is identical in the Germany and in the Czech Republic as well (in the Germany in 2002 white wine 65%, red wine 35%; in the CR white wine 72%, red wine 28%). There is also the unbalanced foreign trade with wine in the both countries.The main difference of the Germany and the Czech wine market is possible to find in the size of the both markets. The German wine market is twelve times bigger according to the total consumption volume; the average annual consumption of wine varied about 24 litres per inhabitant. In the Czech Republic the wine consumption was increasing in the last 10 years, though the average year consumption of wine was only 14 litres per inhabitant in 2002.In contrast to the Czech Republic the Germany has very high stocks of wine (in 2001/2002 the wine stock was 14765 thousand hectolitres; 74% of domestic consumption), and very high share (94% in 2002) of the merging wine on the total production as well.The paper is a part of solution of the grant awarded by the Ministry of agriculture (NAZV) No. QF 3276 and it focuses on environmental analysis of the wine-production industry in the Czech Republic.

scholarly journals Fiscal sustainability in cee countries – the case of the Czech Republic, Hungary and Poland

Equilibrium ◽  
2015 ◽  
Vol 10 (2) ◽  
pp. 53 ◽  
Author(s):  
Joanna Mackiewicz-Łyziak
Keyword(s):  
Czech Republic ◽  
Structural Breaks ◽  
Price Level ◽  
Pension System ◽  
Cointegration Analysis ◽  
Fiscal Sustainability ◽  
Unit Root Tests ◽  
The Czech Republic ◽  
Dominance Testing ◽  
Fiscal Dominance

The aim of the study is to assess fiscal sustainability in the Czech Republic, Hungary and Poland and to test for existence of fiscal dominance in these countries in the context of the fiscal theory of the price level. The empirical study is conducted using unit root tests and cointegration analysis with possible structural breaks. The approach is consistent with so called backward-looking approach for fiscal dominance testing proposed by Bohn (1998). The results suggest that in the Czech Republic and Poland fiscal dominance prevailed in the analyzed period, while in Hungary – monetary dominance. The result for Hungary may be caused, however, by a one-time reduction in debt resulting from changes in pension system.

scholarly journals Assessment of attractiveness of the wine-production industry in the Czech Republic

2011 ◽  
Vol 59 (2) ◽  
pp. 89-98 ◽  
Author(s):  
Helena Hejmalová ◽  
Radka Šperková
Keyword(s):  
Czech Republic ◽  
Positive Impact ◽  
Key Factors ◽  
Wine Production ◽  
The Czech Republic ◽  
Competitive Position ◽  
Market Growth ◽  
Ge Matrix ◽  
Wine Sector ◽  
Technical Innovations

The paper is focused on evaluation of attractiveness of the wine sector in the Czech Republic and on the competitive position assessment of company Věstonické sklepy, s. r. o. using the assessment of key factors and applying the GE matrix. Wine-production can be described as very attractive, favorably developing industry with significant potential for growth and expansion. In particular, the growing popularity of wine consumption, increasing consumption and production, increasing competitiveness, introduction of new technical innovations and introduction of innovative changes in production, storage and sales, are aspects that have a positive impact on the attractiveness of the sector.The permanent trend of development and market growth represent a well-verifiable criterion that implies there still is a significant share of the untapped potential. Assessment of the competitive position indicates relatively good strategic situation of the company in the attractive environment, but it is necessary to invest considerable financial resources with an uncertain impact on maintaining the position. Main problems of the company namely include the financial situation which is specifically addressed by utilizing short-term liabilities. The company can be described as prosperous in terms of established technologies and implementation of innovative changes, human resource management, use of production and storage capacities, marketing factors, selection of the appropriate type of promotion, and contracting reliable customers.The strategy based on the position in the GE matrix suggests that the company should focus on production of quality wines and on the offer of specialties to penetrate stronger into the market and with a better competitive advantage. The company should not forget the completion of the proper functioning of the website, which should lead to an increase of the number of potential customers.

scholarly journals Brand as an innovation—The case of Czech wine

2021 ◽  
pp. 115-124
Author(s):  
Jan Zavodny Pospisil
Keyword(s):  
Czech Republic ◽  
The Other ◽  
Wine Production ◽  
The Czech Republic ◽  
Wine Market ◽  
The One ◽  
The Relationship

The Czech Republic is not a typical wine-growing country, yet winemaking and viticulture are among the oldest Czech crafts. Although the situation is slightly improving today, domestic wine production is not very preferred by Czech consumers since more than two-thirds of the wine that Czechs drink each year is imported. In the long term, the worst situation prevailed with the sales of a young wine. The cause was twofold: On the one hand, the market was already penetrated by imported Beaujolais nouveau, which became a synonym for the young wine. On the other, a peculiar Czechs’ taste for young wine was also an obstacle. As a young wine, many Czechs drink partially fermented must from grapevine fruits called “Burčák”. The young wine market was therefore seemingly penetrated with a low possibility of new brands entering it. The proposed case study will describe an ongoing campaign in which a new brand, “Svatomartinské víno”, was created. With this brand, it was possible to change the Czech consumers’ view of immature wines fundamentally. Thanks to the innovative branding approach, the product, which Czech consumers had neglected for many years, became a superior and must-have product for broad consumers. Also, the relationship between the brand and consumers has been established. The new brand has become a potential for many other related events. Last but not least, the consumption of domestic wine increased, which led to the support of local wineries and related regions.

scholarly journals Factor conditions of the viniculture and wine sector in the EU member states, in the Czech Republic and in the selected candidate countries

2012 ◽  
Vol 48 (No, 7) ◽  
pp. 303-310
Author(s):  
A. Škorpíková
Keyword(s):  
Czech Republic ◽  
Wine Production ◽  
Member States ◽  
The Czech Republic ◽  
Wine Consumption ◽  
Eu Member States ◽  
Factors Influencing ◽  
Wine Sector ◽  
Research Plan ◽  
The Eu

The paper is a part of the solution of the research plan of the FBE MUAF in Brno, No. GAMSM 431100007, and it is focused on the analysis of factors influencing competitiveness of the wine-growing and viniculture. This paper is based on the hypothesis that the competitiveness of the viniculture and wine sector could be influenced, amongst other things, by specific national conditions as defined by “Porter’s diamond”. This essay deals with factor conditions like the total area of vineyards, the average per hectare yield of grapes, the total wine production and wine consumption including the foreign trade with this commodity. The comparison of the chosen national conditions is made within the EU member states and also within six candidate countries – Cyprus, Estonia, Hungary, Poland, Slovenia and the Czech Republic.

scholarly journals Analysis of attractiveness of the wine-production industry in the Czech Republic

2004 ◽  
Vol 52 (3) ◽  
pp. 135-142 ◽  
Author(s):  
Pavel Tomšík ◽  
Pavel Žufan
Keyword(s):  
Czech Republic ◽  
Environmental Analysis ◽  
Growth Potential ◽  
Wine Production ◽  
The Czech Republic ◽  
Grant Agency ◽  
Evaluation Matrix ◽  
Production Industry

The paper is a part of solution of a post-doctorate grant awarded by the Grant Agency of the Czech republic (GAČR No. 402/02/P059) connected with the grant awarded by the Ministry of agriculture (NAZV) no. QF 3276, and it focuses on environmental analysis of the wine-production industry in the Czech republic. The paper describes the attractiveness of the Czech wine-production industry using the industry attractiveness evaluation matrix. It discusses the key attractiveness criteria for evaluating an industry, and evaluates them with regard to the wine-production industry, which is evaluated as above-average attractive, especially due to the size of the market, its growth potential, and profitability of wine-producing firms.

scholarly journals The characteristics of the winegrowing and wine–production in New Zealand

2005 ◽  
Vol 53 (6) ◽  
pp. 225-236
Author(s):  
Dagmar Kudová
Keyword(s):  
Czech Republic ◽  
New Zealand ◽  
White Wine ◽  
Wine Production ◽  
The Czech Republic ◽  
Average Temperature ◽  
Research Plan ◽  
The 19Th Century ◽  
Further Development

The paper is focused on characteristic of winegrowing and wine-production in New Zealand, country, which together with Australia, Chile, Argentina, California, and South Africa belongs to the countries of the so-called New World, and these countries become very important producers of wine in the world. Thus, they become a part of the competitive environment in winegrowing and wine-production of the Czech Republic. One of the necessary premises for determination of the competitive position is a detailed analysis of competition. This was also dealt with by Černíková, Žufan (2004), Duda (2004), Hrabalová (2004), Kudová (2005), Lišková (2004), Tomšík, Chládková (2005). Winegrowing regions of New Zealand are located in the areas of higher average temperature than the European regions. This climate suits mostly for blue grapes. The beginning of winegrowing is connected with the name of a Scot James Busby, who produced the first wine in 1836. In the middle of the 19th century, two winegrowing regions were known worldwide – Auckland, and Hawkes Bay. Currently, there are 14 winegrowing regions with the area of 18.112 ha of fertile vineyards, and in 2006 the area of fertile vineyards should grow by 15% (to 20.877 ha). The area with the largest area of vineyards is Marlbourough (8.194 ha), where there are 275 growers of vine being processed by 84 wine-producers. The total number of wine producers in New Zealand in 2004 was 471, only four of them producing more than 2 mil. l (the biggest company is Montana).The harvest in 2004 was 162.100 tons of grapes, in New Zealand, which means 123% growth in comparison with 1995. The highest growth of harvested grapes was in the region of Hawkes Bay – by 181%. Wine production is changing from year to year, but for the 2004 a growth is expected due to the volume of harvested grapes. The exports of New Zealand’s wine have grown almost 3.5-times in the period of 1995–2003 in terms of its volume, and recounting it from NZ$ to €, the growth was even 6.8-times higher. The exports of New Zealand wine are continuously growing – the highest amount from 1995 was exported to Great Britain (25.756 mil. l). The exports to the Czech Republic have grown almost 15-times in the period of 1999–2003, with a prevalence of the white wine. The average price of one litre of wine imported to the Czech Republic in 2003 was € 6.7. Imports of wine to New Zealand have grown by 74% in the period of 1995–2003. Most of the imports are realized from Australia (73% of the total imports in 2004). Within the monitored period, there was a change in the prevailing type of the imported wine – from a prevalence of the white wine in 1999 to the currently prevailing red wine (growth by 17% in 2003). Consumption of alcohol have grown by 6.5% in the period of 1998–2003, most of which was caused by the growing consumption drinks with the alcohol content of more than 23% (growth by 60.8%).The paper is a part of solution of the grant focused on analysis and formulation of further development of winegrowing and wine-production in the Czech Republic provided by the Ministry of Agriculture (No. QF 3276), and it is also a part of solution of the research plan of the Faculty of Business and Economics, MUAF in Brno (No. MSM 6215648904).

scholarly journals Evaluation of inflation and unemployment and plotting the Philips curve of the Czech Republic

2022 ◽  
Vol 132 ◽  
pp. 01007
Author(s):  
Tomáš Krulický ◽  
Veronika Šanderová ◽  
Dominik Dolejš
Keyword(s):  
Time Series ◽  
Regression Analysis ◽  
Czech Republic ◽  
Negative Correlation ◽  
Broad Spectrum ◽  
Phillips Curve ◽  
Price Level ◽  
The Other ◽  
Short Term ◽  
The Czech Republic

The Phillips curve was supposed to mean an expansion of the doctrine based on the original regulatory ideas of J. M. Keynes. At the time of its inception (1950s), it gave governments theoretical hope, coming from the possibility of choosing a negative correlation between the price level (P) and the product (Y). Her early denial (at least in the short term) by Milton Friedman, on the other hand, has not changed anything about other applications that are still relevant until present time. In the fact, advantage of Phillips curve is her ability based on broad-spectrum use for any type of national economy. The aim of this work is to determine the shape of the Phillips curve for the Czech Republic in the period from 2000 to the present and to compare its shape with the shape of the original Phillips curve. The method of regression analysis is used here, comparison and prediction are performed using time series. In this paper, we find out what the short-term Phillips curve looks like for the Czech Republic, that it does not coincide with the original Phillips curve, and that in the future we can count on a growing correlation between inflation and unemployment.

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