The wine industry contributes €130 bn to the EU's gross domestic product (GDP). While it represents only 0.8% of the EU’s total GDP, it accounts for almost half (47.9%) of the entire EU primary sector, including agriculture, forestry and fisheries.
With an inflation rate of 160%, the last thing Argentine producers needed was a tax increase. Daniel López Roca reports that there has been some relief.
Despite widespread rumours to the contrary, Wednesday brought the news that the UK is to escape another tax hike that would have meant that the government's share of the price of any bottle would have risen by nearly a third since July.
Despite many companies pulling out of Russia since the invasion of Ukraine, wine imports have risen. Increased duty rates on wines from 'unfriendly countries' are, however, now likely to have a radical impact on the range of wines on offer. Sergey Panov reports.
In the 1980s and 1990s, the United Kingdom was the world’s most valuable and influential export market for wine. Largely as a result of increased competition from other countries, more recently exacerbated by Brexit, it has lost that role. A new tax regime will make it even less attractive to exporters. Robert Joseph reports.
Britain is one of the three most important wine markets in the world — but its finance minister has just savagely raised the tax on wine and spirits. Robert Joseph considers the likely impact on the UK’s position as a target for exporters.
Tradition demands the participation of individuals who are dedicated to preserving it. For the Trentino winegrowers’ cooperative Mezzacorona, this involves safeguarding the indigenous grape varieties Teroldego and Marzemino, showcasing their qualities both as monovarietal wines and in blends.
