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1 – 2 of 2Tibor Kostovčík, Karel Šrédl and Dita Hommerová
Vine growing for the production of wine constitutes one of the major areas of agriculture of the Czech Republic, and in recent years, it has been qualitatively improved. The…
Abstract
Purpose
Vine growing for the production of wine constitutes one of the major areas of agriculture of the Czech Republic, and in recent years, it has been qualitatively improved. The purpose of this paper is to find out whether oligopolistic market structures have come into being on the sparkling wine market in the Czech Republic, and whether some wine firms have a dominant position on the sparkling wine market.
Design/methodology/approach
The purpose of this study is to find, compare and carry out a statistical analysis of data on the production and sale of sparkling wines in the Czech Republic, in particular the indicators of the sales and profits of the dominant producer, Bohemia Sekt. In retail chains in the Czech Republic, the price of domestic and foreign sparkling wines was then compared with a comparative analysis.
Findings
The dominant seller of sparkling wine on the Czech market is Bohemia Sekt, which is also the largest domestic non-sparkling and sparkling wine producer. Bohemia Sekt sold 11 m bottles of sparkling wine on the Czech market in 2015 and maintained a 67 per cent share of the domestic market. Traditionally, Christmas time and the end of the year is the main season for selling sparkling wines in the Czech Republic, as more than one-third of the annual production of all wineries is sold at this time.
Originality/value
The paper presents a finding about the consistency of the prices of sparkling wines offered in retail chains in the Czech Republic. This confirms the validity of using the model of oligopolistic competition with a dominant company on the sparkling wine market in the Czech Republic. The dominance of Bohemia Sekt in the given market is mainly due to the loyalty of Czech consumers to this brand.
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Lucie Severová, Roman Svoboda and Lenka Kopecká
The purpose of this paper is to express the development of market price of farmland in the CR and to describe causes and effects of these changes in the price on the ownership of…
Abstract
Purpose
The purpose of this paper is to express the development of market price of farmland in the CR and to describe causes and effects of these changes in the price on the ownership of land in the country.
Design/methodology/approach
Primarily, description methods (especially for describing the creation of investment farmland funds) and a comparative analysis (in the case of an indicator of the farmland prices in the Czech Republic) were used in this paper.
Findings
The findings show that the situation in the Czech agricultural sector has improved particularly due to increasing subsidies; non-agricultural subjects are showing increased interest and banks are changing their approach to granting loans for the purchase of farmland. The market price of farmland in the Czech Republic has been rising; in 2015, it exceeded CZK162,500 per hectare on average. However, it is still low compared to the old EU member states.
Practical implications
Practical implication of the paper consists in comparing market prices of farmland with prices at which state sold farmland through PRGLF. Plot owners are often approached about the sale or lease of farmland. However, there are many speculators among those interested in buying, who often focus on those owners who have no idea regarding the value of their plots.
Originality/value
In the paper, the model of farmland prices was newly used and applied to real data in the Czech Republic from 2004 to 2015. Moreover, current data on investments to farmland were acquired, and an analysis which could be useful for foreign investors was elaborated.
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