DOCSLIB.ORG

2019 Annual Report Annual 2019

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2019 Annual Report Annual 2019 a force for good. 2019 ANNUAL REPORT ANNUAL 2019 1, cours Ferdinand de Lesseps 92851 Rueil Malmaison Cedex – France Tel.: +33 1 47 16 35 00 Fax: +33 1 47 51 91 02 www.vinci.com VINCI.Group 2019 ANNUAL REPORT VINCI @VINCI CONTENTS 1 P r o l e 2 Album 10 Interview with the Chairman and CEO 12 Corporate governance 14 Direction and strategy 18 Stock market and shareholder base 22 Sustainable development 32 CONCESSIONS 34 VINCI Autoroutes 48 VINCI Airports 62 Other concessions 64 – VINCI Highways 68 – VINCI Railways 70 – VINCI Stadium 72 CONTRACTING 74 VINCI Energies 88 Eurovia 102 VINCI Construction 118 VINCI Immobilier 121 GENERAL & FINANCIAL ELEMENTS 122 Report of the Board of Directors 270 Report of the Lead Director and the Vice-Chairman of the Board of Directors 272 Consolidated nancial statements This universal registration document was filed on 2 March 2020 with the Autorité des Marchés Financiers (AMF, the French securities regulator), as competent authority 349 Parent company nancial statements under Regulation (EU) 2017/1129, without prior approval pursuant to Article 9 of the 367 Special report of the Statutory Auditors on said regulation. The universal registration document may be used for the purposes of an offer to the regulated agreements public of securities or the admission of securities to trading on a regulated market if accompanied by a prospectus or securities note as well as a summary of all 368 Persons responsible for the universal registration document amendments, if any, made to the universal registration document. The set of documents thus formed is approved by the AMF in accordance with Regulation (EU) 2017/1129. 370 Cross-reference table for the universal registration document This is a free translation into English of a report issued in French and is provided solely for the convenience of English-speaking readers. This report should be read in conjunction with, and is construed in accordance with, French law and professional auditing standards applicable in France. Photos: Cyrille Dupont/The Pulses (cover page) – Aerial Innovations – Atypix – Jean-François Badias – Benoît Billard – Jérôme Cabanel – Caesa Picsproduction – Yves Chanoit – Christian Dao – Cyrille Dupont/The Pulses – EJF Riche – ITER – Emergence – Matthieu Engelen – Gehry Partners – Jean-Yves Govin Sorel – Pedro Guimaraes/CAPA Pictures – Axel Heise – Hervé Hote – Jean-Philippe Hunault/On Air Productions – Stéphane Lavoué – Pascal Le Doaré/Cap Vertical – Guillaume Leblanc – Gilles Leimdorfer/Interlinks Image – Julien Lutt/ CAPA Pictures – Éric Mercier – Jeffrey Milstein Photography – Jean-Philippe Moulet – Thomas Müller – Stéphane Olivier/Artephoto.com – Pierre-Olivier/CAPA Pictures – P.-A. Pluquet/Alpaca/Andia – Will Recarey – Emmanuel Rondeau – Russell Aerial Photography – Éric Soudan/Alpaca Productions – Alain Tendero – Alexis Toureau – Nicolas Tucat – Francis Vigouroux – Johannes Zinner – Photo libraries of VINCI and subsidiaries. All rights reserved. Design and production: — 2001_00883 — Translation: Alto International — Printing: Arteprint. This document is printed using This document serves as universal registration document and annual nancial report. vegetable-based inks on paper produced from sustainable resources. KEY DATA KEY DATA GROUP NET INCOME ATTRIBUTABLE REVENUE (1) TO OWNERS OF THE PARENT €48.1 billion €3,260 ­million REVENUE (1) EBITDA (3) OPERATING INCOME FROM (in €m) (in €m and as a percentage of revenue (1) ) ORDINARY ACTIVITIES (in €m and as a percentage of revenue (1) ) 21,746 8,497 18,751 5,734 6,898 4,997 48,053 43,519 24,768 26,307 15.9% 17.7% 11.5% 11.9% 2018 2019 2018 2019 2018 2019 France International NET INCOME ATTRIBUTABLE NET FINANCIAL DEBT REVENUE (1) TO OWNERS OF THE PARENT AT 31 DECEMBER BY GEOGRAPHICAL AREA (in €m) (in €m) (in €m and as a percentage) France 26,307 54.7% 2,983 3,260 15,554 21,654 Germany 3,140 6.5% United Kingdom 3,002 6.2% Central and Eastern Europe 2,219 4.6% 2018 2019 2018 2019 Rest of Europe 4,745 9.9% North America 3,166 6.6% Central and South America 1,264 2.6% Africa 1,603 3.3% Russia, Asia and Middle East 1,248 2.6% Oceania 1,359 2.8% REVENUE (1) BY BUSINESS OPERATING INCOME FROM (in €m and as a percentage) ORDINARY ACTIVITIES BY BUSINESS (in €m and as a percentage) Concessions 8,544 17.8% Concessions 3,989 69.6% Contracting 38,884 80.9% Contracting 1,654 28.8% Property 625 1.3% Property and holding companies 92 1.6% and intragroup eliminations EBITDA (3) BY BUSINESS CAPITAL EMPLOYED (2) (in €m and as a percentage) (in €m and as a percentage) Concessions 5,796 68.2% Concessions 41,030 82.0% Contracting 2,446 28.8% Contracting 7,426 14.9% Property and holding companies 254 3.0% Property and holding companies 1,545 3.1% NET INCOME ATTRIBUTABLE WORKFORCE (2) TO OWNERS OF THE PARENT BY BUSINESS (in €m and as a percentage) Concessions 2,255 69.2% Concessions 21,342 9.6% Contracting 792 24.3% Contracting 199,711 89.8% Property and holding companies 213 6.5% Property and holding companies 1,344 0.6% (1) Excluding concession subsidiaries’ revenue derived from works carried out by (3) Cash flows from operations before tax and financing costs including IFRS 16 impact of non-Group companies (2019: €699m). See glossary (page 375). €575m in 2019. (2) At 31 December 2019. See glossary (page 375). KEY DATA GROUP MARKET CAPITALISATION BUSINESS UNITS (1) AT 31 DECEMBER 2019 €60 billion 3,200 WORKSITES (1) OPERATIONS IN 290,000 120 countries EMPLOYEES WORLDWIDE (2) 130-year 222,397 HISTORY Credit ratings 72% GROUP COMPANIES WITH NO LOST-TIME STANDARD & POOR’S: WORKPLACE ACCIDENTS (2) A–/A2 POSITIVE OUTLOOK MOODY’S: World leader IN CONCESSIONS AND CONSTRUCTION STABLE OUTLOOK A3/P1 SIMPLIFIED ORGANISATION CHART VINCI AUTOROUTES €5,593M REVENUE CONCESSIONS VINCI AIRPORTS €8,544M REVENUE €2,631M REVENUE OTHER CONCESSIONS VINCI VINCI ENERGIES €13,749M REVENUE CONTRACTING EUROVIA €38,884M REVENUE €10,209M REVENUE VINCI CONSTRUCTION €14,926M REVENUE VINCI IMMOBILIER (1) Estimates. (2) At 31 December 2019. CREATION OF VALUE SHARED WITH THE GROUP’S STAKEHOLDERS VINCI CREATES LONG-TERM VALUE FOR ITS CLIENTS, SHAREHOLDERS, EMPLOYEES AND PARTNERS, AND SHARES THE BENEFITS OF ITS PERFORMANCE WITH A LARGE NUMBER OF INTERNAL AND EXTERNAL STAKEHOLDERS IN ALL THE REGIONS WHERE THE GROUP OPERATES. REVENUE(1): €48.1 billion TOTAL TAXES PAID(1)(2): €2.8 billion VINCI IS ONE OF THE FIVE BIGGEST TAXPAYERS IN FRANCE EMPLOYEE SHAREHOLDERS(3): 8.8% OF SHARE CAPITAL REPRESENTING 142,000 FORMER AND CURRENT EMPLOYEES, EMPLOYEE REMUNERATION(1): OF WHOM 31,000 OUTSIDE FRANCE €10.8 billion DIVIDENDS PAID(1): €1.8 billion PURCHASES MADE (1): €27.0 billion VINCI’S CONTRIBUTION TO FRENCH GDP(4): €35 billion (1) In 2019. (2) Taxes and other obligatory payments on operating income and income tax expense. (3) At 31 December 2019. (4) Utopies study, 31 December 2018. See page 210. KEY DATA CONCESSIONS REVENUE (1) EBITDA (2) OPERATING INCOME FROM (in €m) (in €m and as a percentage of revenue (1) ) ORDINARY ACTIVITIES (in €m and as a percentage of revenue (1) ) 5,796 3,989 4,963 3,429 7,261 8,544 68.4% 67.8% 47.2% 46.7% 2018 2019 2018 2019 2018 2019 NET INCOME ATTRIBUTABLE NET FINANCIAL DEBT (3) CAPITAL EMPLOYED (3) TO OWNERS OF THE PARENT (in €m) (in €m) (in €m) 1,923 2,255 27,029 33,952 31,115 41,030 2018 2019 2018 2019 2018 2019 REVENUE (1) BY GEOGRAPHICAL AREA (as a percentage) France 71% Portugal 11% United Kingdom 9% Americas 4% Rest of the world 5% (1) Excluding concession subsidiaries’ revenue derived from works carried out by non-Group companies. See glossary (page 375). (2) Cash flows from operations before tax and financing costs. See glossary (page 375). (3) At 31 December. PUBLIC-PRIVATE PARTNERSHIPS OF VINCI’S CONCESSIONS BUSINESS WORLDWIDE The PPPs listed below are managed within the Concessions business of VINCI. Other PPPs (mainly buildings) are managed within VINCI’s Contracting business. INFRASTRUCTURE DESCRIPTION COUNTRY SHARE END OF CAPITAL HELD CONTRACT Motorway and road infrastructure Network under concession Arcos (A355 – western Strasbourg bypass) (1) 24 km France 100% 2070 Arcour (A19) 101 km France 100% 2070 ASF network (excl. Puymorens Tunnel) 2,731 km France 100% 2036 Cofiroute network (excl. A86 Duplex Tunnel) 1,100 km France 100% 2034 Escota network 471 km France 99.5% 2032 Fredericton–Moncton highway (2) 195 km Canada 25% 2028 Regina Bypass 61 km Canada 38% 2049 Bogotá–Girardot motorway (1) 141 km (3) Colombia 50% 2042 A4 motorway 45 km Germany 50% 2037 A5 motorway 60 km Germany 54% 2039 A7 motorway (1) 60 km Germany 50% 2047 A9 motorway 47 km Germany 50% 2031 Athens–Corinth–Patras motorway 201 km Greece 30% 2038 Maliakos–Kleidi motorway 230 km Greece 15% 2038 Lima expressway 25 km Peru 100% 2049 Moscow–St Petersburg motorway (MSP0) 43 km (Moscow–Sheremetyevo) Russia 50% 2040 Moscow–St Petersburg motorway (MSP7 and 8) 138 km (St Petersburg–Veliky Novgorod) Russia 40% 2041 R1 (PR1BINA) expressway 51 km Slovakia 50% 2041 Hounslow Borough road network (4) 432 km of roads and 762 km of pavements United Kingdom 50% 2037 Isle of Wight road network (4) 821 km of roads and 767 km of pavements United Kingdom 50% 2038 Newport Southern Distributor Road 10 km United Kingdom 50% 2042 Road bridges and tunnels A86 Duplex Tunnel Rueil Malmaison/Versailles–Jouy en Josas (11 km) France 100% 2086 Prado Carénage Tunnel Tunnel in Marseille (2.1 km) France 33% 2032 Prado Sud Tunnel Tunnel in Marseille (1.9 km) France 59% 2055 Puymorens Tunnel Tunnel in the Pyrenees (5.5 km) France 100% 2037 Confederation Bridge Prince
Load more

Recommended publications
  • PERSPECTIVES on TERRORISM Volume 11, Issue 5
    ISSN 2334-3745 Volume V, Issue 5 October 2017 PERSPECTIVES ON TERRORISM Volume 11, Issue 5 Table of Contents Welcome from the Editors......................................................................................................1 Articles Countering Violent Extremism in Prisons: A Review of Key Recent Research and Critical Research Gaps.........................................................................................................................2 by Andrew Silke and Tinka Veldhuis The New Crusaders: Contemporary Extreme Right Symbolism and Rhetoric..................12 by Ariel Koch Exploring the Continuum of Lethality: Militant Islamists’ Targeting Preferences in Europe....................................................................................................................................24 by Cato Hemmingby Research Notes On and Off the Radar: Tactical and Strategic Responses to Screening Known Potential Terrorist Attackers................................................................................................................41 by Thomas Quiggin Resources Terrorism Bookshelf.............................................................................................................50 Capsule Reviews by Joshua Sinai Bibliography: Terrorist Organizations: Cells, Networks, Affiliations, Splits......................67 Compiled and selected by Judith Tinnes Bibliography: Life Cycles of Terrorism..............................................................................107 Compiled and selected by Judith
    [Show full text]
  • Public-Private Partnerships Financed by the European Investment Bank from 1990 to 2020
    EUROPEAN PPP EXPERTISE CENTRE Public-private partnerships financed by the European Investment Bank from 1990 to 2020 March 2021 Public-private partnerships financed by the European Investment Bank from 1990 to 2020 March 2021 Terms of Use of this Publication The European PPP Expertise Centre (EPEC) is part of the Advisory Services of the European Investment Bank (EIB). It is an initiative that also involves the European Commission, Member States of the EU, Candidate States and certain other States. For more information about EPEC and its membership, please visit www.eib.org/epec. The findings, analyses, interpretations and conclusions contained in this publication do not necessarily reflect the views or policies of the EIB or any other EPEC member. No EPEC member, including the EIB, accepts any responsibility for the accuracy of the information contained in this publication or any liability for any consequences arising from its use. Reliance on the information provided in this publication is therefore at the sole risk of the user. EPEC authorises the users of this publication to access, download, display, reproduce and print its content subject to the following conditions: (i) when using the content of this document, users should attribute the source of the material and (ii) under no circumstances should there be commercial exploitation of this document or its content. Purpose and Methodology This report is part of EPEC’s work on monitoring developments in the public-private partnership (PPP) market. It is intended to provide an overview of the role played by the EIB in financing PPP projects inside and outside of Europe since 1990.
    [Show full text]
  • DLA Piper. Details of the Member Entities of DLA Piper Are Available on the Website
    EUROPEAN PPP REPORT 2009 ACKNOWLEDGEMENTS This Report has been published with particular thanks to: The EPEC Executive and in particular, Livia Dumitrescu, Goetz von Thadden, Mathieu Nemoz and Laura Potten. Those EPEC Members and EIB staff who commented on the country reports. Each of the contributors of a ‘View from a Country’. Line Markert and Mikkel Fritsch from Horten for assistance with the report on Denmark. Andrei Aganimov from Borenius & Kemppinen for assistance with the report on Finland. Maura Capoulas Santos and Alberto Galhardo Simões from Miranda Correia Amendoeira & Associados for assistance with the report on Portugal. Gustaf Reuterskiöld and Malin Cope from DLA Nordic for assistance with the report on Sweden. Infra-News for assistance generally and in particular with the project lists. All those members of DLA Piper who assisted with the preparation of the country reports and finally, Rosemary Bointon, Editor of the Report. Production of Report and Copyright This European PPP Report 2009 ( “Report”) has been produced and edited by DLA Piper*. DLA Piper acknowledges the contribution of the European PPP Expertise Centre (EPEC)** in the preparation of the Report. DLA Piper retains editorial responsibility for the Report. In contributing to the Report neither the European Investment Bank, EPEC, EPEC’s Members, nor any Contributor*** indicates or implies agreement with, or endorsement of, any part of the Report. This document is the copyright of DLA Piper and the Contributors. This document is confidential and personal to you. It is provided to you on the understanding that it is not to be re-used in any way, duplicated or distributed without the written consent of DLA Piper or the relevant Contributor.
    [Show full text]
  • T12 Traffic Management.Pdf
    Page 2 / 99 Submitted by: Task 12 group leader, Paul van der Kroon Prepared by: Group leader: Paul van der Kroon (The Netherlands) Group members: Austria Markus Bartsch , Sigrid Pirkelbauer , Michael Schneider Cyprus Alexis Avgoustis Denmark Finn Krenk Finland Petteri Portaankorva France Christophe Desnouailles Germany Georg Stern Italy Sandro La Monica, Pier Paolo Cartolano The Netherlands Bert Helleman Henk Jan de Haan Maarten Amelink (supporting consultant) Sweden Maria Nichan i Henrik Sundquist Bjorn Carselid Switzerland Gerhard Petersen / Markus Bartsch United Kingdom David Stones Nicholas Taylor (supporting consultant) Felicity Keen Overview meetings: 3–4 June 2009 Utrecht, the Netherlands 24 –25 September 2009 Stockho lm, Sweden 19 –21 January 2010 Paris, France (joint meeting with task group 11) 19 –20 May 2010 Frankfurt, Germany 6–7 October 2010 Vienna, Austria 10 –11 February 2011 Rome, Italy 22 –23 June 2011 Helsinki, Finland 3–4 November 2011 Bern, Switzerland 22 –23 February 2012 Copenhagen, Denmark Edited and published by: CEDR's Secretariat General Approved and amended by: CEDR's EXECUTIVE BOARD on 29 June 2012 Addressed to: CEDR's GOVERNING BOARD on 27 September 2012 This document expresses solely the current view of CEDR. Readers should not consider these views to be statements of the official position of CEDR's member states. ISBN : 979-10-93321-00-4 Traffic management to reduce congestion Page 3 / 99 This report is: FOR DECISION 1. Executive summary Purpose of the paper Congestion on the European road network has increased significantly over the past decade. This is the result of an increase in car ownership and car use in most European countries.
    [Show full text]
  • Gov't Approves Slashing Four Zeros from National Currency
    Syrian Ambassador to Tehran Has According to Statistics, Iran’s Called on Iranian Companies to Exports to the U.S. Has Been Participate in Reconstruction Projects Zeroed After the U.S. Government In Syria, Adding His Country Provide Withdrew From the JCPOA and Especial Facilities for Iranians Reimposed Tough Sanctions on Iran VOL. XXV, No. 6738 TEHRAN Price 20,000 Rials www.irannewsdaily.com THURSDAY, AUGUST 1, - MORDAD 10, 1398 2 4 8 DOMESTIC 3 DOMESTIC INTERNATIONAL SPORTS Iran Tests Missiles Tehran, Kabul North Korea Fires Tsonga Ousts Khachanov After Developing On Regular Basis Economic Ties More Ballistic Missiles At Washington ATP > SEE PAGE 2 > SEE PAGE 3 > SEE PAGE 4 > SEE PAGE 8 Leader Reacts to Execution Gov’t Approves Slashing Four Europe ‘’Obliged’’ to Let Of Two Bahraini Activists Iran Sell and Ship Oil TEHRAN (MNA) – The Twitter account of the institute TEHRAN (Dispatches) - Iran said Wednesday that for preserving and publishing the books by Leader of the European nations still party to the 2015 nuclear deal are Islamic Republic of Iran Ayatollah Khamenei has posted Zeros From National Currency “obliged” to allow it to sell and ship oil, amid a a tweet in Arabic language to react to the Bahrain standoff with Britain over the seizure of tankers. regime’s recent move in executing two young activists. The deal over Iran’s nuclear program has begun to “The oppression and cruelty will not last long, and the unravel since President Donald Trump announced the decision and will of the justice-seeking nations will United States was withdrawing from the agreement last eventually prevail,” Leader of the Islamic Republic of year and reimposing sanctions.
    [Show full text]
  • Outlet Centres in Europe
    MARKET SURVEY March 2021 Outlet Centres in Europe Market Survey covering all operating and planned Outlet Centres in the European Countries Study within the Scope of ecostra’s Basic Research understanding markets | evaluating risks | discovering chances Preliminary remarks Beginning in the USA and, over the past 25 years, subsequently spreading in Europe as well, a new retail format has been established: the Factory Outlet Centre (FOC) or Designer Outlet Centre (DOC). In the meantime, such a high density of Outlet Centres already exists in some European countries (e.g. Great Britain), that one can certainly speak of market saturation here. Thus, in Great Britain, as in the USA also, a market shakeout is observable among locations of Outlet Centres, whereby the most professional operators, and accordingly suitable locations, win out over less productive concepts or locations with weaknesses. The situation in continental Europe is somehow different. Due what are, to date, extremely restrictive building permission procedures compared to those in the rest of Europe, Germany has only a very few Outlet Centres in relation to the size of this national market. However, there is little doubt that this will change in the medium-term perspective, at least. The kind of emotional argument that often used to take place until just a few years ago has now given way to a much more factual discussion on the advantages and disadvantages of establishing an Outlet Centre. Whereas Germany still shows a lot of potential for new Outlet Centres, Italy has seen a rapid development in the last years, and it’s difficult to discover any “white spots” on the map there.
    [Show full text]
  • Counter-Terrorism Reference Curriculum
    COUNTER-TERRORISM REFERENCE CURRICULUM CTRC Academic Project Leads & Editors Dr. Sajjan M. Gohel, International Security Director Asia Pacific Foundation Visiting Teacher, London School of Economics & Political Science [email protected] & [email protected] Dr. Peter Forster, Associate Professor Penn State University [email protected] PfPC Reference Curriculum Lead Editors: Dr. David C. Emelifeonwu Senior Staff Officer, Educational Engagements Canadian Defence Academy Associate Professor Royal Military College of Canada Department of National Defence [email protected] Dr. Gary Rauchfuss Director, Records Management Training Program National Archives and Records Administration [email protected] Layout Coordinator / Distribution: Gabriella Lurwig-Gendarme NATO International Staff [email protected] Graphics & Printing — ISBN XXXX 2010-19 NATO COUNTER-TERRORISM REFERENCE CURRICULUM Published May 2020 2 FOREWORD “With guns you can kill terrorists, with education you can kill terrorism.” — Malala Yousafzai, Pakistani activist for female education and Nobel Prize laureate NATO’s counter-terrorism efforts have been at the forefront of three consecutive NATO Summits, including the recent 2019 Leaders’ Meeting in London, with the clear political imperative for the Alliance to address a persistent global threat that knows no border, nationality or religion. NATO’s determination and solidarity in fighting the evolving challenge posed by terrorism has constantly increased since the Alliance invoked its collective defence clause for the first time in response to the terrorist attacks of 11 September 2001 on the United States of America. NATO has gained much experience in countering terrorism from its missions and operations. However, NATO cannot defeat terrorism on its own. Fortunately, we do not stand alone.
    [Show full text]
  • The Fc Bayern Munich Case Study
    SCUOLA DELLE SCIENZE UMANE E DEL PATRIMONIO CULTURALE Corso di Laurea Magistrale in Management dello Sport e delle Attività Motorie Corporate Social Responsibility in the Sport industry: the FC Bayern Munich case study TESI DI LAUREA DI RELATORE Dott. Gaspare D’Amico Chiar. Prof. Dr. Salvatore Cincimino CORRELATORE ESTERNO Chiar. Prof. Dr. Jörg Königstorfer – Chair of Sport and Health Management at Technical University of Munich ANNO ACCADEMICO 2016 – 2017 INDEX ACKNOWLEDGEMENT ABSTRACT………………………………………………………………………….1 INTRODUCTION…………………………………………………………………...3 I. CHAPTER – CORPORATE SOCIAL RESPONSIBILITY 1. Evolving Concepts and Definitions of CSR………………………………..6 1.1 Criticism and Defensive theory of CSR……………………………….11 1.2 The origin of Stakeholder Theory……………………………………..13 1.3 Standard and certification……………………………………………..17 1.4 Evaluation and control………………………………………………...22 II. CHAPTER – CORPORATE SOCIAL RESPONSIBILITY IN SPORTS INDUSTRY 2. Definition and general aspects of CSR in the sports industry…………......26 2.1 Stakeholders Model……………………………………………………33 III. CHAPTER – THE FC BAYERN MUNICH CASE STUDY 3. Use of Case Study Research………………………………………………50 3.1 Corporate Structure of FC Bayern Munich……………………………53 3.1.1 Ownership……………………………………………………….65 3.1.2 Management…………………………………………………….68 3.1.3 Team…………………………………………………………….77 3.2 Revenues and costs drivers of FC Bayern Munich……………………79 3.2.1 Revenues of Football club………………………………...…….81 3.2.1.1 Matchday…………………………………………..……..82 3.2.1.2 Broadcasting rights……………………………………….85 3.2.1.3 Commercial Revenues……………………………………90
    [Show full text]
  • Touch & Go and Touch 2 with Go
    Touch & Go and Touch 2 with Go Autumn 2018 map update release notes 4 more pages required in Autumn edition to fit information Keeping up to date with The Toyota Map Update Release Notes Map update information these and many more features: Touch & Go (CY11) helps you stay on track with the map Full map navigation Release date: Autumn 2018 Driver-friendly full map pan-European navigation updates of the Touch & Go and Touch 2 Version: 2018 with clear visual displays for signposts, junctions and lane with Go navigation systems. Database: 2018.Q1 guidance. Media: USB stick or download by user Speed limit and safety Toyota map updates are released at least once a year System vendor: Harman camera alerts Drive safely with the help of a and at a maximum twice. Coverage: Albania, Andorra, Austria, Belarus, Belgium, Bosnia Herzegovina, speed limit display and warning, including an optional Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, Gibraltar, France, speed warning setting. Alerts Keep up with the product information, map changes, Germany, Greece, Hungary, Iceland, Ireland, Italy, Kazakhstan, Kosovo, Latvia, notify you of fixed safety Liechtenstein, Lithuania, Luxembourg, Macedonia (F.Y.R.O.M), Malta, Moldova, camera locations (in countries premium content and sales arguments. where it is legal). Monaco, Montenegro, Netherlands, Norway, Poland, Portugal, Romania, Russia, San Marino, Serbia, Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Turkey, Ukraine, United Kingdom, Vatican. Intuitive detour suggestions Real-time traffic information Contents updates* alert you to Touch 2 with Go (CY13/16) congestion ahead on your planned route. The system Map update information 3 Release date: Autumn, 2018 calculates potential delay times and suggests a detour Navigation features 4 Version: 2018 to avoid the problem.
    [Show full text]
  • NCTC Annex of the Country Reports on Terrorism 2008
    Country Reports on Terrorism 2008 April 2009 ________________________________ United States Department of State Publication Office of the Coordinator for Counterterrorism Released April 2009 Page | 1 Country Reports on Terrorism 2008 is submitted in compliance with Title 22 of the United States Code, Section 2656f (the ―Act‖), which requires the Department of State to provide to Congress a full and complete annual report on terrorism for those countries and groups meeting the criteria of the Act. COUNTRY REPORTS ON TERRORISM 2008 Table of Contents Chapter 1. Strategic Assessment Chapter 2. Country Reports Africa Overview Trans-Sahara Counterterrorism Partnership The African Union Angola Botswana Burkina Faso Burundi Comoros Democratic Republic of the Congo Cote D‘Ivoire Djibouti Eritrea Ethiopia Ghana Kenya Liberia Madagascar Mali Mauritania Mauritius Namibia Nigeria Rwanda Senegal Somalia South Africa Tanzania Uganda Zambia Zimbabwe Page | 2 East Asia and Pacific Overview Australia Burma Cambodia China o Hong Kong o Macau Indonesia Japan Republic of Korea (South Korea) Democratic People‘s Republic of Korea (North Korea) Laos Malaysia Micronesia, Federated States of Mongolia New Zealand Papua New Guinea, Solomon Islands, or Vanaatu Philippines Singapore Taiwan Thailand Europe Overview Albania Armenia Austria Azerbaijan Belgium Bosnia and Herzegovina Bulgaria Croatia Cyprus Czech Republic Denmark Estonia Finland France Georgia Germany Greece Hungary Iceland Ireland Italy Kosovo Latvia Page | 3 Lithuania Macedonia Malta Moldova Montenegro
    [Show full text]
  • Real Estate Special 4Th December 2014
    Real Estate Special 4th December 2014 Country analysis - Benelux countries Macro-economic 2 environment Regional economic 5 characteristics Office markets 9 Retail markets 16 Logistics markets 24 Hotel markets 30 Housing markets 36 Conclusion 43 Claudia Drangmeister +49 511 361 6564 Amsterdam © Schubalu / pixelio.de Benelux real estate markets on the rise The Benelux countries are among the smaller states in Europe, but their commercial real estate markets currently offer excellent opportunities. The present market conditions make it possible to purchase real estate at attractive prices in the Netherlands in particular and also in Belgium. While a future slowing increase in rents and values is anticipated in the leading European real estate markets due to the current boom phase, the value of real estate in the Netherlands and Belgium has bottomed and will offer future growth potential in rents and values – starting with the economic centres. A bottom is also forming in the Dutch housing market now and residential properties are becoming more affordable. This development is advantaged by the ongoing economic recovery in the Benelux countries. GDP in 2015 is fore- cast to be above the average in the eurozone. Furthermore, the Benelux country union is forecast to see above- average population growth. The expected increase in foreign tourists offers additional growth potential for the hotel sector. Last but not least, the upturn in global trade will provide opportunities for important logistics centres in the Benelux countries. The present
    [Show full text]
  • Stranded to Be? Diesel Ban and Used Car Markets
    Stranded to be? Diesel ban and used car markets Quentin Hoarau1,2 and Edouard Civel2,3,4 1 RITM { Universit´eParis-Sud 2Climate Economics Chair { Universit´eParis-Dauphine, PSL Research University 3Economix - Universit´eParis-Nanterre 4LIX { Ecole Polytechnique Preliminary draft Abstract After promoting their development for two decades, European governments are pulling back their support to diesel cars. While those engines were supposed to be cleaner than gasoline ones, by consuming less and emitting less CO2, their emissions of local air pollutants are much higher. In response to increasing awareness on air quality, Low Emissions Zones (LEZs) are gradually implemented by some cities, announcing a progressive ban on diesel cars which could also turn those vehicles into stranded assets for households. This is a thorny issue in France where 50% of vehicles are diesel-fueled. Investigating nearly a million of used cars ads across France, we find that diesel vehicle sellers located within ongoing and planned LEZs anticipate this change of regulation and lower their asking price for those cars. This effect is robust to the introduction of an air pollution indicator for cities. JEL Classification: Q52, Q53, R48 Keywords: Low Emission Zones, Air pollution. 1 1 Introduction The Diesel-gate scandal revealed the need for stronger environmental regulations in the road transport sector. It contributed to accelerate announcements on the ban of petrol - particularly diesel - cars that have been made by European countries and cities over the last few years (Pl¨otzet al., 2019). Indeed road transport is major producer of environmental externalities with greenhouse gases1 and air pollutants2.
    [Show full text]