topics
tools
Expatica countries
Index Last Var.(%)
BEL 20 2130.24 0.51
DAX 6387.02 0.74
IBEX 30 6477.8 -1.00
CAC 40 3066.39 0.61
FTSE 100 5390.4 0.73
AEX 295.21 0.84
DJIA 12454.83 -0.60
Nasdaq 2837.53 -0.07
FTSE MIB 13151.9 -0.02
TSX Composite 11576.47 0.09
ASX 4120.2 0.96
Hang seng 18800.99 0.47
Straits Times 2787.55 0.53
ISEQ 20 503.13 0.44
You are here: Home News European News Bordeaux wine fair hopes to beat recession blues
Enlarge font Decrease font Text size


22/06/2009Bordeaux wine fair hopes to beat recession blues

Organisers of Vinexpo noted that a record 2,400 exhibitors are taking part in this year's show with Sweden, Belarus, Egypt, Mauritius and Brazil joining in for the first time.

Bordeaux -- The world's biggest wine fair opened Sunday in France's wine city of Bordeaux, with leading exporters and producers saying prospects for the sector looked bright despite the global downturn.

Organisers of Vinexpo noted that a record 2,400 exhibitors are taking part in this year's show with Sweden, Belarus, Egypt, Mauritius and Brazil joining in for the first time.

"The wine sector is feeling the effects of the economic crisis, just like all the other sectors," said Vinexpo president Xavier de Eizaguirre.

"But the impact is difficult to measure and the sector is showing vitality in traditional and emerging markets."

The head of the French federation of wine exporters FEVS, Claude de Jouvencel, had earlier this month predicted a 20-percent drop in French wine exports for 2009.

But the world market for wines is expected to grow over the next three years, with turnover forecast to soar to 390 billion dollars (280 billion euros) in 2012 from 330 billion dollars this year.

Two drivers of world demand for wine, China and Russia, are showing no signs of ending their new love affair with reds, whites and roses, according to a study by the British consultant firm IWSR for Vinexpo.

Wines from Italy, France and Spain are the stars at the five-day wine fair that features conferences and debates as well as tastings of various vintages.

AFP/Expatica



0 reactions to this article

0 reactions to this article

Discussion Forums

Technology in Spain

Sat phones/internet links

English in Spain

What is the best travel insurance cover to Spain?

American in Spain

U.S. citizens, plan to vote in 2012? Did you know...

Relocation to Spain

thinking of moving to madrid

Jobs in Spain

Job Agencies or how to find work.

participate in the forums

Inside Expatica
Editor's Guide: Getting Started in Spain

Editor's Guide: Getting Started in Spain

Expatica's Getting Started section will provide practical information on how you can open a bank account, exchange your driving licence, improve your Spanish, and more.

Groups and Clubs in Madrid

Groups and Clubs in Madrid

Here's a guide to an extensive list of groups and clubs in Madrid for expats, from sports groups to social and family gatherings.

Groups and Clubs around Spain

Groups and Clubs around Spain

A brief introduction to our Tax section for Spain, from help with inheritance tax to accounting advice.

Groups and Clubs in Barcelona

Groups and Clubs in Barcelona

Here's a short introduction to our Banking section for those living in Spain, from what to ask the experts to opening a Spanish bank account.