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Report Name:Retail Foods Bulgaria
Voluntary Report – Voluntary - Public Distribution Date: March 20,2020 Report Number: BU2020-0011 Report Name: Retail Foods Bulgaria Country: Bulgaria Post: Sofia Report Category: Retail Foods Prepared By: Alexander Todorov Approved By: Jonn Slette Report Highlights: Consistent growth in Bulgaria’s food and beverage retail market is driven by increased consumer confidence, declining unemployment, and growing incomes. The total number of retail outlets in Bulgaria in 2019 was 41,306. Modern retail food and beverage sales in 2019 grew by nearly five percent over 2018, and accounted for 55 percent of total food retail in value terms. U.S. exports with strong sales potential in Bulgaria’s food and beverage retail sector are distilled spirits, tree nuts, dried fruits, wine, snacks and cereals, beef meat, fish and seafood, sauces, spices, and pulses. THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Market Fact Sheet: Bulgaria Executive Summary Since 2016, annual Bulgarian GDP growth has Food Retail Industry been over three percent. Exports generate Bulgarian food retail sales reached $6.85 billion in almost 49 percent of Bulgaria’s GDP and are a pillar 2019. Modern retail sales accounted for of the economy. EU Member States are Bulgaria’s $3.77 billion (55 percent) and $3.08 billion in primary trading partners, although there is wide traditional channel. Total retail outlets were 41,306. variation in the balances of trade. In 2019, Bulgaria Food and beverage retail grew in 2019 on improved had a trade deficit in goods of about €1.72 billion consumer confidence and a better labor market. -
Prezentacja Wyników Za 2017 R
Prezentacja wyników za 2017 r. PODSUMOWANIE PREZENTACJI Część 1. PRZEGLĄD WYNIKÓW 2017: TRUDNY POD WZGLĘDEM ZYSKÓW – MOCNY POD WZGLĘDEM PRZEPŁYWÓW Część 2. STRATEGIA 2023: EUROCASH GOTOWY NA PRZYSZŁOŚĆ PLAN OPTYMALIZACJI - ZIDENTYFIKOWANY POTENCJAŁ SYNERGII KOSZTOWYCH DETAL HURT WZROST PRZEPŁYWY PIENIĘŻNE 2 PODSUMOWANIE OSTATNICH 5 LAT EUROCASH GOTOWY NA PRZYSZŁOŚĆ Zwiększone wydatki inwestycyjne w okresie deflacji i presji kosztowej Powrót do inflacji, presji płacowej i niedoboru siły roboczej Mocny wzrost sprzedaży Eurocash w ciągu 5 lat o 8.9% (CAGR) Krótkoterminowe obniżenie rentowności EBITDA – wpływ inicjatyw Eurocash Capex (mln zł) Dynamika wynagrodzenia brutto Inflacja CPI Grupy mających na celu zwiększenie konkurencyjności w długim Inwestycje we wzrost sprzedaży terminie Silne Operacyjne Przepływy Pieniężne (1,67x EBITDA 2017) - stałe reinwestowanie we wzrost sprzedaży Eurocash sprzedaż (mln zł) Marża EBITDA 3 CZĘŚĆ 1 2017 PERSPEKTYWY RYNKOWE I WYNIKI GRUPY EUROCASH 4 RYNEK FMCG Wzrost Małego Formatu o 2,5% na tle wzrostu całego rynku FMCG o 4,2% (w okresie 12 miesięcy do listopada 2017) Wzrost rynku FMCG wg kanałów dystrybucji Wzrost rynku FMCG wg kanałów dystrybucji (r/r, LTM* Listopad 2017) (r/r, LTM* Listopad 2017) 10% 9,0% 9,9% 9% 8% 7% 5,1% 6% 5% 3% 3,4% 4% 2,5% 1% 0,1% 2% -1% -3% 0% -5% -2% -1,3% -4,6% Dyskonty Hipermarkety 2500+ Supermarkety 300-2500 Mały format - Razem Wsypecjalizowane i Inne Małe sklepy -40 Convenience 40-100 Małe supermarkety 100-300 Pomimo inflacji wspierającej duże formaty, sklepy małoformatowe -
Completed Acquisition by Co-Operative Foodstores Limited of Eight My Local Grocery Stores from ML Convenience Limited and MLCG Limited
Completed acquisition by Co-operative Foodstores Limited of eight My Local grocery stores from ML Convenience Limited and MLCG Limited Decision on relevant merger situation and substantial lessening of competition ME/6625/16 The CMA’s decision on reference under section 22(1) of the Enterprise Act 2002 given on 19 October 2016. Full text of the decision published on 10 November 2016. Please note that [] indicates figures or text which have been deleted or replaced in ranges at the request of the parties for reasons of commercial confidentiality. CONTENTS Page SUMMARY ................................................................................................................. 2 ASSESSMENT ........................................................................................................... 3 Parties ................................................................................................................... 3 Transaction ........................................................................................................... 4 Jurisdiction ............................................................................................................ 4 Counterfactual....................................................................................................... 5 Frame of reference ............................................................................................... 7 Competitive assessment ..................................................................................... 11 Third party views ................................................................................................ -
Attitudes of Consumers, Retailers and Producers to Farm Animal Welfare
Attitudes of Consumers, Retailers and Producers to Farm Animal Welfare edited by Unni Kjærnes, Mara Miele and Joek Roex WELFARE QUALITY REPORTS NO. 2 This report is dedicated to the memory of Jonathan Murdoch. Welfare Quality Reports Edited by Mara Miele and Joek Roex School of City and Regional Planning Cardiff University Glamorgan Building King Edward VII Avenue Cardiff CF10 3WA Wales UK Tel.: +44(0)292087; fax: +44(0)2920874845; e-mail: [email protected] January 2007 The present study is part of the Welfare Quality research project which has been co- financed by the European Commission, within the 6th Framework Programme, contract No. FOOD-CT-2004-506508. The text represents the authors’ views and does not necessarily represent a position of the Commission who will not be liable for the use made of such information. © Copyright is with the authors of the individual contributions. ISBN 1-902647-73-4 ISSN 1749-5164 CONTENTS Preface iii PART I Farm Animal Welfare and Food Consumption Practices: Results from Surveys in Seven Countries (edited by Unni Kjærnes and Randi Lavik) 1 Introduction to Part I 1 2 Background and Research Questions 3 3 Methods 9 4 People Are Interested but Not Necessarily Worried 11 5 Considerations of Animal Friendliness When Purchasing Food 17 6 Availability Is a Bigger Problem Than Price 21 7 The Truth-telling of Institutional Actors 23 8 Concluding Remarks to Part I 29 PART II Analysis of the Retail Survey of Products that Carry Welfare-claims and of Non-retailer Led Assurance Schemes whose Logos Accompany Welfare-claims (edited by Emma Roe and Terry Marsden) 9 Introduction to Part II 33 10 Comparative Overview of Animal Welfare Claims 35 11 Welfare Bundling on Packaging 45 12 Comparative Analysis of Non-retailer Led Schemes of Production 51 13 Comparative Analysis of Marketing Schemes of Non-retailer Led 59 Assurance Schemes 14 Conclusions to Part II 65 PART III Pig Farmers and Animal Welfare: A Study of Beliefs, Attitudes and Behaviour of Pig Producers across Europe (edited by Bettina B. -
Italferr S.P.A. 2019 ANNUAL REPORT
Italferr S.p.A. (Translation from the Italian original which remains the definitive version) Italferr S.p.A. 2019 ANNUAL REPORT 2019 Annual Report 1 Italferr S.p.A. Italferr S.p.A. Single-member company managed and coordinated by Ferrovie dello Stato Italiane S.p.A. Share capital: €14,186,000, fully paid up Registered office: Via Vito Giuseppe Galati 71, 00155 Rome Tax code and company registration no.: 06770620588 REA no.: 541241 VAT number: 01612901007 Web site: www.italferr.it 2019 Annual Report 2 Italferr S.p.A. MISSION Italferr is the Ferrovie dello Stato Italiane group’s engineering company with over 30 years of consolidated experience in large infrastructural projects for traditional and high-speed railways, underground and road transport and the design of ports and stations in Italy and abroad. Its mission is to build infrastructure in accordance with high quality standards, deadlines and the budget, covering all technical and management activities for the planning, design, execution, inspection and commissioning of the works. Italferr offers innovative, high-tech services ranging from design to contracting, works management and supervision, inspection and commissioning of lines, stations and intermodal and interport hubs, project management, organisational consultancy, training and the transfer of specialised, avant-garde know-how. 2019 Annual Report 3 Italferr S.p.A. COMPANY OFFICERS Board of directors: Chairman Mario Serio Chief Executive Officer Aldo Isi Director Sabrina De Filippis 1 Director Claudia Eccher Director Sergio Salvio Board of statutory auditors: Chairwoman Roberta De Felice Standing statutory auditor Fabio Mastrangelo Standing statutory auditor Davide Rossetti Alternate statutory auditor Luca Provaroni Alternate statutory auditor Federica Silvestri INDEPENDENT AUDITORS 1 KPMG S.p.A. -
Competition and Regulation 2020
COMPETITION AND REGULATION • 2020 • COMPETITION AND REGULATION • Editorial board of the series • Pál Valentiny (chairman), Institute of Economics, Centre for Economic and Regional Studies Ferenc László Kiss (honorary editor in chief) Csongor István Nagy, University of Szeged Zombor Berezvai, Hungarian Competition Authority COMPETITION AND REGULATION • 2020 • Editors PÁL VALENTINY • ZOMBOR BEREZVAI • CSONGOR ISTVÁN NAGY INSTITUTE OF ECONOMICS CENTRE FOR ECONOMIC AND REGIONAL STUDIES Budapest • 2020 The publication of the Hungarian volumes had been financially supported by the Hungarian Competition Authority Editors Pál Valentiny • Zombor Berezvai • Csongor István Nagy Copyright © Institute of Economics Centre for Economic and Regional Studies, Budapest, 2020 ISSN 1789-9702 Published by: Institute of Economics Centre for Economic and Regional Studies 1097 Budapest, Tóth Kálmán utca 4. Online available at http://www.mtakti.hu/publikacio/publikacio-kategoria/ verseny-es-szabalyozas/ Publisher: Imre Fertő Copy editor: Anna Patkós Design, page layout: Anikó Környei CONTENTS FOREWORD 7 COMPETITION POLICY 11 Tünde Gönczöl • Antitrust hipsters and their critics 13 Gergely Csorba • Should European competition policy change in reaction to global challenges? Lessons from the Siemens–Alstom merger and its impact 43 Pál Valentiny • Market and government failures. The changing relationship between industrial policy and competition policy interventions 62 Borbála Tünde Dömötörfy – Barnabás Sándor Kiss – Judit Firniksz • Ostensible Dichotomy? By object and by effect restraints in EU competition law, with special regard to the Budapest Bank case 91 Csongor István Nagy • Why is leniency policy less effective in Hungary: is there a regulatory answer? 115 REGULATION 131 Zombor Berezvai • The impact of retail regulation on consumer prices 133 Zoltán Pápai – Péter Nagy • Dancing with hands and feet tied. -
Global Vs. Local-The Hungarian Retail Wars
Journal of Business and Retail Management Research (JBRMR) October 2015 Global Vs. Local-The Hungarian Retail Wars Charles S. Mayer Reza M. Bakhshandeh Central European University, Budapest, Hungary Key Words MNE’s, SME’s, Hungary, FMCG Retailing, Cooperatives, Rivalry Abstract In this paper we explore the impact of the ivasion of large global retailers into the Hungarian FMCG space. As well as giving the historical evolution of the market, we also show a recipe on how the local SME’s can cope with the foreign competition. “If you can’t beat them, at least emulate them well.” 1. Introduction Our research started with a casual observation. There seemed to be too many FMCG (Fast Moving Consumer Goods) stores in Hungary, compared to the population size, and the purchasing power. What was the reason for this proliferation, and what outcomes could be expected from it? Would the winners necessarily be the MNE’s, and the losers the local SME’S? These were the questions that focused our research for this paper. With the opening of the CEE to the West, large multinational retailers moved quickly into the region. This was particularly true for the extended food retailing sector (FMCG’s). Hungary, being very central, and having had good economic relations with the West in the past, was one of the more attractive markets to enter. We will follow the entry of one such multinational, Delhaize (Match), in detail. At the same time, we will note how two independent local chains, CBA and COOP were able to respond to the threat of the invasion of the multinationals. -
The Abuse of Supermarket Buyers
The Abuse of Supermarket Buyer Power in the EU Food Retail Sector Preliminary Survey of Evidence Myriam Vander Stichele, SOMO & Bob Young, Europe Economics On behalf of: AAI- Agribusiness Accountability Initiative Amsterdam, March 2009 Colophon The Abuse of Supermarket Buyer Power in the EU Food Retail Sector Preliminary Survey of Evidence Myriam Vander Stichele (SOMO) & Bob Young (Europe Economics) March 2009 Funding: This publication is made possible with funding from The Dutch Ministry of Foreign Affairs via SOMO and DGOS (Belgian Directorate General for Development Cooperation) via Vredeseilanden (VECO). Published by: AAI - Agribusiness Action Initiatives, formerly called Agribusiness Accountability Initiative The authors can be contacted at: SOMO Sarphatistraat 30 1018 GL Amsterdam The Netherlands Tel: + 31 (20) 6391291 Fax: + 31 (20) 6391321 E-mail: [email protected] Website: www.somo.nl This document is licensed under the Creative Commons Attribution-NonCommercial-NoDerivateWorks 2.5 License. The Abuse of Supermarket Buyer Power in the EU Food Retail Sector 2 Contents Contents ..........................................................................................................................3 Summary .........................................................................................................................4 Introduction.....................................................................................................................6 1. Abusive buyer power problems are being discussed in many fora while a comprehensive -
Booker Symbol Retail
Booker Symbol Retail Insight on shoppers: insight on stores July 2018 © IGD 2018 The UK’s biggest symbol network Premier the biggest single fascia Now encompassing over 5,600 stores the Booker retail symbol network has twice the number of the next largest symbol group or convenience chain in the UK. Total combined estimated retail sales are now £4.5bn. Operating a portfolio of four fascias Booker Booker symbol retail: store numbers symbol has a breadth of offer to meet the needs of a wide range of differing retailer 2017 2018 change needs comprising: Premier* – flexible entry level package for Premier* 3,332 3,343 +11 small stores with supply from cash & carry depots Londis 1,826 1,957 +131 Londis – fully-serviced package for smaller stores supplied through Booker Retail Budgens 159 226 +67 Partners distribution network Budgens – Tailored support package for Family Shopper 63 75 +12 larger stores including an emphasis on fresh Family Shopper – A value-focused package Total 5,380 5,601 +221 offering neighbourhood discount format © IGD 2018 Source: IGD Research * Includes Premier Express fascia variant Page 2 What defines the Booker retail symbol shopper? Top shopper Top-up is the leading mission across all missions in three fascias Tobacco/lottery/news is the second most frequent mission in Premier and Londis Budgens has significantly the largest incidence of evening meal missions Premier has the highest incidence of food- for-now missions % of shoppers on last trip shopping for Premier Londis Budgens Top-up 45 50 59 Evening meal 15 13 35 Food-for-now 26 15 18 Tobacco/lottery/news 41 42 29 © IGD 2018 Source: IGD ShopperVista Page 3 As Booker looks to the future, and the new possibilities presented by its tie-up with Stores of the Tesco, we visited three of its most recently redeveloped symbol retail stores. -
PROBLEMS of WORLD AGRICULTURE Volume 10 (XXV) Number 3 AGRICULTURE and FOOD ECONOMY WITHIN the EU FRAMEWORK
Scientifi c Journal Warsaw University of Life Sciences – SGGW PROBLEMS OF WORLD AGRICULTURE Volume 10 (XXV) Number 3 AGRICULTURE AND FOOD ECONOMY WITHIN THE EU FRAMEWORK Warsaw University of Life Sciences Press Warsaw 2010 Wiesáaw Ciechomski1 Department of Trade and Marketing Pozna University of Economics Evolution of the food retail trade in Poland Abstract. The food retail trade in Poland is undergoing significant structural changes. The changes basically consist in a dynamic increase in the number of large-format stores, and also in the processes of integration and concentration of trade. In the food trade there are also qualitative changes taking place, in the form of implementing innovations and modern methods of managing the stores. These questions are brought up in this article. Key words: food trade, FMCG (Fast Moving Consumer Goods) market. Quantitative changes in the food trade The aim of the article is to describe the food retail trade evolution that has taken place over the last decade. The changes consisting in an increase in the number of large-format stores result from the globalisation of trade. They are highlighted by the process of concentration of trade which consists in taking over a bigger and bigger volume of turnover by supermarkets, hypermarkets and discount shops. In the paper, statistical data as published current by the GUS (Central Statistical Office of Poland) and poll research centres GfK Polonia, Pentor and PMR are made use of. The dynamics of structural changes that have been occurring in retail trade in Poland since the beginning of political transformation is considerable. During the two decades between 1989 and 2009, the space of retail shops doubled, from 14.4 to 29 million square metres, which depicts an unprecedented development of the trade sector. -
The Mixed Brand and Private Label Strategy – Retailer's Perspective
The Mixed Brand and Private Label Strategy – Retailer’s Perspective illustrated by the Rema1000 case Jesper Kolind (WORK IN PROGRESS) Jesper Kolind is ph.d. student at the University of Southern Denmark, Department of Entrepreneurship and Relationship Management, Engstien 1, 6000 Kolding, Denmark E‐mail: [email protected] Page 1 Abstract In this paper, the terms “Focused” and “Mixed” suppliers / retailers are introduced and presented in an interface model. The general thesis is that suppliers and retailers face similar challenges and difficulties strategically and organizationally when they work with a mixed brand and private label strategy (working with both brands and private label in the same organization). Different models have been used with different results and the success/failure is not only a result of the individual approach but moreover of the co‐operation between the two parties. This paper is limited to the retailers perspective and is covered through a literature review in particular about the reasons for retailers to get involved in private label and illustrated by an explorative case study of the discounter Rema1000. Keywords: Retailers, suppliers, private label, interactions, dyads Introduction The last 10 years, I have been directly involved in selling private label products both in a company dominated by branded sales where private label had low priority but also in a private label dominated company where the priorities were opposite. During this period I have often experienced how difficult it is for the suppliers to balance the strategic focus between brands and private label. Likewise, I have experienced that retailers face the same strategic and organizational difficulties when it comes to a mixed strategy involving both brands and private labels. -
Final Exploitation Plan
D9.10 – Final Exploitation Plan Jorge Lpez (Atos), Alessandra Tedeschi (DBL), Julian Williams (UDUR), abio Massacci (UNITN), Raminder Ruprai (NGRID), Andreas Schmitz ( raunhofer), Emilio Lpez (URJC), Michael Pellot (TMB), Zden,a Mansfeldov. (ISASCR), Jan J/r0ens ( raunhofer) Pending of approval from the Research Executive Agency - EC Document Number D1.10 Document Title inal e5ploitation plan Version 1.0 Status inal Work Packa e WP 1 Deliverable Type Report Contractual Date of Delivery 31 .01 .20 18 Actual Date of Delivery 31.01.2018 Responsible Unit ATOS Contributors ISASCR, UNIDUR, UNITN, NGRID, DBL, URJC, raunhofer, TMB (eyword List E5ploitation, ramewor,, Preliminary, Requirements, Policy papers, Models, Methodologies, Templates, Tools, Individual plans, IPR Dissemination level PU SECONO.ICS Consortium SECONOMICS ?Socio-Economics meets SecurityA (Contract No. 28C223) is a Collaborative pro0ect) within the 7th ramewor, Programme, theme SEC-2011.E.8-1 SEC-2011.7.C-2 ICT. The consortium members are: UniversitG Degli Studi di Trento (UNITN) Pro0ect Manager: prof. abio Massacci 1 38100 Trento, Italy abio.MassacciHunitn.it www.unitn.it DEEP BLUE Srl (DBL) Contact: Alessandra Tedeschi 2 00113 Roma, Italy Alessandra.tedeschiHdblue.it www.dblue.it raunhofer -Gesellschaft zur Irderung der angewandten Contact: Prof. Jan J/r0ens 3 orschung e.V., Hansastr. 27c, 0an.0uer0ensHisst.fraunhofer.de 80E8E Munich, Germany http://www.fraunhofer.de/ UNIVERSIDAD REL JUAN CARLOS, Contact: Prof. David Rios Insua 8 Calle TulipanS/N, 28133, Mostoles david.riosHur0c.es