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Thursday 15 May 2008 
Chinese investment in Bordeaux vineyards

A Chinese firm purchased a Bordeaux château situated in the Entre-deux-Mers appellation. This 30 ha estate produces some 160 000 bottles a year of AOC Bordeaux-Bordeaux Superieur. Chinese investors have been attracted by the desire to take over a vineyard which they consider to be “one of the most prestigious in the world”. (Source: EuroWine)

Thursday 15 May 2008 
Hong Kong: wines sales boom since the abolition of wine’s tax

Since tax on wine was scrapped on February, the price has fallen by 20 per cent and imports of wine have soared by 78 per cent, a government spokesman said. Supermarkets and wine stores reacted to the budget measure by slashing prices and some stores are now struggling to import enough wine to meet rapidly-growing demand. (Source: Top News)

Wednesday 14 May 2008 
North Africa and the Middle East increase their wine production

Wine production in Morocco, Tunisia, Algeria, Egypt, the Lebanon and Jordan represents 1. 3 million hectolitres per year, or 146 million bottles. Turnover is close to €220 million and has created 50,000 jobs. (Source: Le Figaro)

Wednesday 14 May 2008 
The CIVB is actively involving itself in a fight to reduce global warming

The Comité Interprofessionnel du Vin de Bordeaux has announced the launch of a carbon analys for the Bordeaux wine sector. The bilan carbone is essential for beginning a deliberation about its ecological impact and determining measures which aim to efficiently reduce the level of greenhouse gas emission. Results are expected for September 2008. In France, some compagnies as Rémy Cointreau, Hennesy, and The Vignerons de Vacqueyras Winery have already calculated their carbon analysis.(Source: CIVB / EuroWine)

Wednesday 14 May 2008 
French resistance to anti-alcohol lobby

French group Vin & Société wants to demand an update of the 1991 Evin Law governing alcohol publicity, and currently visiting wine bodies around France to inform them of how bad the situation is. Under the current law governing alcohol advertising in France, the websites of iconic French wines are actually illegal. “We are in an absurd situation, we have to defend the place of wine in French society”, said Marie-Christine Tarby, presidente of Vin & Société. (Source: Sud Ouest / Wine Business International)

Tuesday 13 May 2008 
Austrian wine exports soar

Exports of Austrian bottled wine jumped 30% in 2007. Austria exported 35,8 millions litres of wine valued at €91,8m in 2007, up from the 28,6 millions litres worth €69,4m in 2006. (Source: Decanter.com)

Tuesday 13 May 2008 
US is leading importer of Chilean wines ahead of UK

In the first two months of the year, the US imported Chilean wines worth €8 million, while UK bought €7.6 million worth. (Source: VSB)


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