Skrine Vestavene Thu, 24 Nov 2022 03:39:13 +0000 en-US hourly 1 Skrine Vestavene 32 32 19 major exporters receive the LCCI Export Trophies – Business & Finance Wed, 23 Nov 2022 00:55:40 +0000

LAHORE: No less than 19 leading exporters received the LCCI Export Awards at a prestigious ceremony at Governor House Lahore.

Punjab Governor Muhammad Baligh Ur Rehman distributed the trophies along with LCCI President Kashif Anwar, Senior Vice President Chaudhry Zafar Mahmood and Vice President Adnan Khalid Butt. Members of the LCCI executive committee and former board members were also present.

Six-B Food Industries CEO Muhammad Tahir Anjum received the “Governor’s Trophy”. CEO Nisar Spinning Mills Mian Tariq Nisar, CEO Millat Tractors Azhar Noor, CEO Marhaba Laboratories Muhammad Usman Sheikh, CEO Supreme Rice Mills Riasat Ali, CEO Pacific Pharma Qurat ul Ain Irfan, CEO Haji M Rice & Processing Amin Ullah, CEO Selmore Pharmaceutical Muhammad Sajjad, Director Pharmasol Adil Akbar, Managing Director Fan Company Mobin Ahmed Ilyas, GM Asian Food Industries Muhammad Humair, CEO Dr Masood Homoeopathic Pharmaceuticals Muhammad Zubair Qureshi, Director Stellar International Shahbaz Siddique, CEO Epesol Pvt Ltd, Engr Ikhlaq Ahmad received the trophy from the best export performance.

Managing Director Shahzad Afzal Khawaja Rice Processors, Managing Director Vital Foods Muhammad Shahid, CEO Diamond Jumbolon Bilal Ejaz, Managing Director Kalamkar Ibrahim Rehman and Managing Director Sadiq Gelatin Industries Muhammad Arshad received the trophy for Best Export Brand.

Speaking on the occasion, the Governor of Punjab said that the LCCI serves commerce, industry and economy in the truest sense of the words.

He said business is an important pillar of the economy and no country can move forward without its proper role. He said the government is ensuring maximum facilities for business and investors.

He said Pakistan’s economy has improved tremendously due to the tireless efforts and policies of the current regime.

He said that due to good economic indicators, foreign investors were showing strong interest in investing in Pakistan. He said the government is doing its best to strengthen the economy and promote the country’s trade and industry.

He said the government has teamed up with universities and made every effort to psychologically empower the flood victims and new courses have been started in this regard. He invited trophy holders to send in their reports and their issues will be forwarded to the federal government.

LCCI Chairman Kashif Anwar said local industry should be encouraged to give a boost to domestic exports. Our local industry faces various problems. He said regulatory duties, customs duties and additional customs duties on components, machinery and raw materials imported by SMEs should be abolished.

He said that in addition to increasing exports, we must focus on import substitution as this will help reduce the trade deficit, current account deficit which have been crossed to $48 billion and $17 billion respectively. of dollars.

He said there is great potential for import substitution in sectors such as machinery, automobiles, electric vehicles, mobile devices, food, cotton, fertilizers and chemicals, etc. He said the possibility of subsidized electricity and gas rates should be extended to all sectors to improve their export competitiveness.

The LCCI president said there is a strong need to focus on alternative energy sources to reduce dependence on imported fossil fuels and expensive energy. He said the policy rate in Pakistan is 15%, which is quite high compared to other economies in the region. It must be reduced to a single digit.

He said the cost of land in industrial areas is too high and needs to be reduced.

He said the country had suffered massive damage due to the recent floods. According to government estimates, the floods are causing damage worth more than $30 billion to the economy. He said that agriculture, food, animal husbandry and fishing, etc. were seriously affected. He said that we waste water worth billions of dollars in the sea every year besides facing a huge loss caused by floods.

“Like other countries, we need to build dams on a war footing to increase water storage capacity and avoid huge losses,” he added.

Kashif Anwar said that renewed efforts are needed to develop and modernize our agricultural sector so that our food and cotton imports can be reduced significantly. Apart from this, there is an urgent need to increase cotton and wheat production.

He said despite the challenges, exporters deserve special appreciation as they play a major role in securing valuable foreign currency and creating job opportunities. He also appreciated the city district government for its cooperation with LCCI regarding dengue fever and smog prevention.

He said local businesses should be allowed to declare their undeclared assets as this will bring immense benefits to the economy.

Copyright Business Recorder, 2022

USA visa for Belgian, Czech, Chilean and Brunei citizens Tue, 22 Nov 2022 23:34:06 +0000


The United States is known for its iconic landmarks (the Statue of Liberty, the Hollywood Sign, the Golden Gate Bridge), but it’s also a place of incredible hospitality, vast expanses and incredible natural beauty. . Before traveling to the United States, a traveler should ensure that their passport is valid for at least three months beyond the scheduled departure date. The US visa for Belgium is not optional, but mandatory for all Belgian citizens traveling to the country for short stays. Belgian citizens must apply for a US visa to enter the United States for tourism, business, or transit purposes for up to 90 days.

US Visa Requirements for Belgian Citizens

  • A valid travel document or passport to apply for a US ESTA visa.
  • A valid credit or debit card or PayPal account to pay for the US ESTA visa.
  • A valid email address, to receive the US ESTA visa.


The United States is an incredibly diverse nation. People immigrate here from all over the world, and many of these people have their own families that are ethnically and racially diverse. As one of the largest and most developed countries in the world, it is visited by a large number of tourists every year. The US Brunei visa is not optional but is mandatory for all Brunei citizens traveling to the country for short stays. Brunei joined the Visa Waiver Program in 1993. This means that citizens of Brunei can now apply for an ESTA instead of having to go through the lengthy US visa application process. Citizens of Brunei must apply for a US visa to travel to the United States for tourism, business, or transit purposes for up to 90 days.

US visa requirements for citizens of Brunei

  • A valid travel document or passport to apply for a US ESTA visa.
  • US ESTA is required if you are visiting the US by sea or air.
  • You can use a debit or credit card or a PayPal account to pay for the US ESTA visa.
  • A valid email address, to receive the US ESTA visa in their inbox.


Visiting the United States of America is high on most people’s bucket list and for good reason. It is one of the most popular travel destinations in the world, with around 77 million tourists traveling there every year to experience all the country has to offer. Chile was admitted to the Visa Waiver Program in 2014. The United States has a visa policy that allows tourists, including Chileans, to stay in the country for 90 days. The Visa Waiver Program offers citizens of 38 countries the opportunity to obtain a tourist visa through the Electronic System for Travel Authorization (US ESTA for short). Chilean citizens can apply for an ESTA (Electronic System for Travel Authorization) visa waiver to travel to the United States. Chilean citizens must obtain a US visa to enter the United States for tourism, business, or transit purposes for up to 90 days.


  • Passport – one of these requirements is a valid passport. However, not just any type of passport. You need an electronic passport.
  • Email address – even though your visa will be linked to a passport, you still need a copy to present to the immigration office once you arrive in the United States. You will receive your copy by e-mail in PDF format. Consider printing it.
  • Payment methods – You can use multiple payment methods like debit or credit card or PayPal account.


The United States of America is a country like no other. As one of the largest and most developed countries in the world today, a large number of tourists visit it every year. From beautiful, pristine beaches to a rich natural landscape of mountains and forests, the United States is one of the most beautiful and fascinating countries to explore. The Czech visa for the United States is not optional, but mandatory for all Czech citizens traveling to the country for short stays. Czech citizens must apply for a US visa to travel to the United States for tourism, business, or transit purposes for up to 90 days. Instead of obtaining a US visa for Czechs for tourism or business purposes, Czech citizens must apply for an ESTA. The US ESTA is valid for two years from the date of issue. After this period, you will need to reapply for a new US ESTA.

US Visa Requirements for Czech Citizens

  • A valid travel document or passport to apply for a US ESTA visa.
  • You can use a credit or debit card or a PayPal account to pay for the US ESTA visa
  • A valid email address, to receive the US ESTA visa in their inbox.

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The Brief — The football cartel – Tue, 22 Nov 2022 15:23:43 +0000

The behavior of football associations like FIFA and UEFA can best be understood when viewed as economic cartels in an industry that favors natural monopolies.

The first games of the World Cup have already been played, but so far public attention still seems to be focused on the politics around the event – rather than the games.

From the initial corruption scandal that led to Qatar winning the right to host the World Cup, to the appalling treatment of the workers who built the stadiums for the 28-day event, and the Qatari government’s homophobia, there has many reasons to call it a “world cup of shame”.

In reality, members of the european parliament did so when they interviewed the Qatari labor minister in Brussels last week.

On Saturday, FIFA President Gianni Infantino caused another uproar when he said he felt gay, disabled, Arab and like a migrant worker in a disjointed speech to defend Qatar and FIFA from criticism.

While it’s odd that the multi-million salary man apparently can’t afford a better speechwriter, his apparent detachment from reality is less surprising.

As head of FIFA, Infantino is answerable not to public opinion but to the officials of the national football associations who make up the FIFA membership, a rather more exclusive set of constituents.

His job is best understood as that of a cartel boss who extracts as much economic rent as possible from the cartel’s position as the sole organizer of global football competitions, distributing the winnings among group members.

Infantino’s job is secure as long as he can credibly get more money for more cartel members than any potential candidate for his seat. Whether the money is earned ethically is not a particular concern.

Understanding the organization of international football as an economic cartel also helps to understand the European football association UEFA, which openly admits that the basis of its success is its “centralization” model, which is a slightly nicer term for a monopoly.

When twelve of Europe’s biggest football clubs announced plans to launch a parallel European Super League (ESL) to rival the UEFA Champions League in 2021, UEFA and its member associations came down hard on them, threatening to kick them out. national and European competitions. .

And when the new boss of host company ESL A22 visited UEFA headquarters earlier this month to talk about the future of European club football, he was greeted not with a sympathetic ear, but with more than 30 representatives of European football who poured contempt. on the ESL project – a cartel that is closing its ranks.

The ESL organizers have taken the case to the European Court of Justice, claiming that UEFA constitutes a cartel which violates European competition law.

Of course, the goal of the ESL organizers is not to play football just for fun. They want to become Europe’s new top club competition, hoarding the money from television rights and sharing less with other clubs and associations.

Organizing football competitions could be an industry with a ‘natural monopoly’ since there can only be one ‘real’ World Cup and only one ‘best’ European club competition. Thus, a cartel might be the inevitable form of organization in international football.

However, natural monopolies in other industries are usually tightly regulated to limit their power, for example, power grid operators.

Football may not yet be as important as the power grids, but the worse football cartels misbehave, the more they argue for their regulation.

Today’s edition is powered by AWS

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How are organizations successfully managing compliance in Europe? What are the requirements for cross-border data transfer? AWS experts Esther Stringham (AWS Legal) and Hans Bos (AWS Security Assurance) dive deep into both topics.

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The roundup

EU and US should extend mutual recognition of manufacturing standards to plasma and vaccines while continuing to monitor China’s protectionist developments related to medical devices.

The rapporteurs of the European Parliament circulated a new batch of compromise amendments redesigning the AI ​​law enforcement structure.

There is significant momentum to find a compromise on a new EU pact on migration and asylum, Manfred Weber, chairman of the European People’s Party, told EURACTIV in an interview.

The Czech Presidency released the first compromise on the law on cyber-resilience, dated 18 November and obtained by EURACTIV, significantly modifying the scope and the free movement clause of the proposal.

Finally, don’t miss the latest Transport Brief: Are ox cyclists a threat to the climate?

Pay attention to…

  • Meeting of the Council of the European Economic Area.
  • Commission Vice-President Margaritis Schinas, Commissioner for Competition Margrethe Vestager and Commissioner for Employment Nicolas Schmit meet representatives of European social partners to discuss the European Year of Skills.

The views are those of the author.

[Edited by Alice Taylor/Nathalie Weatherald]

Meet the Czech women who are shaking up the beer industry Mon, 21 Nov 2022 00:01:00 +0000
Say na zdravi (that’s Czech for cheers!) (Photo: Supplied)

I draw my first pint of pilsner at the public Budvar brewery in the Bohemian medieval town of České Budějovice, rightly guided by a man who looks like comedian Tim Key and, well, looks like he might enjoy a pint or five of one evening.

“Make it a show, move the glass with panache,” he tells me as I wash down the already spotless mug. “People need to know they can trust you to serve great beer.”

Holding the fat-bottomed glass under the nozzle, I flip the tap to half fill it with white foam, then flip it quickly to send amber lager rising to the top. It’s a pretty decent snyt – the name the Czechs have for a pilsner that’s two-thirds creamy froth.

Beer seeps through every pore of Czech life. It passes you through the streets of Prague in the form of pedal buses, there are beer spas to drink pints in a bath of stuff, and souvenir Praha Drinking Team sweatshirts to take home for the hopped, oops, happy memories.

Metro writer Rick Jordan pours Budvar at the Budvar brewery in Ceske Budejovice, Czech Republic

Rick learned how to pour the perfect snyt (Image: Supplied)

Budvar Brewery in Ceske Budejovice

Inside the Budvar brewery in Ceske Budejovice (Picture: Supplied)

Visitors should be aware of various superstitions and etiquette: in a kind of bar stool semaphore, knocking a beer coaster in front of you signals “another, please”; meanwhile, placing it on top of your glass indicates that you have had enough. Evenings are punctuated with cries of ‘Na zdravi’, exclaiming while maintaining all-important eye contact with your mates – ensuring seven years of good sex.

Until recently, it seemed like a predominantly male pastime, taking place in dark wooden halls resembling monasteries, like U Fleku in Prague, where a tweed-clad accordionist serenades me.

Steak Tartar Brewery Budvar in Ceske Budejovice

The bar snacks are also quite special (Photo: Fourni)

Seasoned regulars are known as stamgasts – mostly grizzled men who congregate in bars daily. “It’s still a very masculine world, but more and more women are joining it,” says Johana Potuznikova, 32, who is training as a beer master at Budvar. “Not just drinking beer, but making it and pouring it.”

She shares her expertise with many of the craft producers that pop up, pointing to sister brewmasters at Monopol, Trilobit and Proud breweries, who create variations on IPAs, unfiltered lagers, top-fermented beers and porters.

I sip a Proud beer – somewhere between a lager and an IPA – at Manifesto Andel, a new food court welded together from shipping containers in a once run-down area on the left bank of the Danube.

I continue my pub crawl around the new face of Prague beer culture at Dva Kohouti in the Karlin district, where beers are listed on a cinema-style billboard. While in Pult, trendy young chef Jirka Horak reinvents Czech beer cuisine with plates of marinated carp and beef stew on crusty bread.

Na zdravi, then – and don’t forget to look your fellow drinker in the eye…

Rooms at Hotel Julius from £117. Flights from London to Prague from €26.99 one way via EasyJet

MORE: Lonely Planet names the best destinations to travel to in 2023 – and Manchester is on the list

MORE: The world’s most sustainable travel destinations have been revealed

READ MORE: A guide to hotel breakfast buffets: how to get your money’s worth and save your bank balance at the same time

High energy prices drive coal renaissance in the Czech Republic Fri, 18 Nov 2022 07:27:56 +0000

OSTRAVA, Czech Republic – In this part of northeastern Czech Republic, huge piles of coal are stacked ready to be sold to eager buyers and smoke belches from coal-fired power plants that are accelerating instead of end.

Ostrava has been working for decades to end its legacy as the most polluted area in the country, transforming itself from a working-class industrial stronghold to a modern city with tourist spots. But Russia’s war in Ukraine sparked an energy crisis in Europe that paved the way for the return of coal, jeopardizing climate goals and threatening health from rising pollution.

Households and businesses are turning to this once-considered obsolete fuel as they seek a cheaper option to natural gas, the prices of which have jumped as Russia cut supplies to Europe.

Demand for lignite – the cheapest and most energy inefficient form – used by Czech households jumped nearly 35% in the first nine months of 2022 compared to a year earlier.

Over the same period, production rose by more than 20%, the first increase after decades of almost continuous decline, the Czech Ministry of Industry and Trade said.

“We are worried,” said Zdenka Němečková Crkvenjaš, responsible for the environment as a member of the board of directors of the Moravian-Silesian region. “If prices don’t come down, what could happen is we will face increased pollution.”

The region is part of the Upper Silesian Coal Basin, a vast industrialized area straddling the Czech-Polish border with rich coal deposits and factories producing steel, electricity and the type of coal used for the manufacture of steel which dates from the 19th century.

A combination of burning coal for residential heating and industrial facilities led to “catastrophic” air pollution at the end of the communist era in 1989, said Petr Jančík of the Technical University of Ostrava, an air pollution expert who cooperated in the Air Tritia project which recently produced an online model of polluted air at the Czech-Polish-Slovakian border.

Coal-fired power is not only disastrous for the climate, it is also a health hazard, releasing emissions of heavy particles, nitrogen oxides and mercury, which contaminate fish in lakes and rivers.

The decline of industrial and mining activities and the advent of new environmental standards after the Czech Republic joined the European Union in 2004 have considerably improved air quality.

But big challenges remain.

Emissions of airborne dust – PM10 particles – now meet environmental limits in the region, but concentrations of smaller PM2.5 particles that can penetrate deep into the lungs and bloodstream still do not reach the World Health Organization standards.

A 2021 study of more than 800 European cities by Spain’s Barcelona Institute for Global Health, or ISGlobal, places the regional capital of Ostrava and nearby towns of Karviná and Havířov among the 10 most polluted European cities. He estimated that 529 deaths a year could be prevented in those three cities if air quality guidelines were followed.

Burning coal also releases the dangerous substance benzo(a)pyrene, levels of which are still high despite government programs that pay to replace older furnaces with more efficient ones that reduce pollution.

Some 50,000 ovens still need to be replaced in the Ostrava region, said Němečková Crkvenjaš, estimating the figure at 500,000 in a more populated and polluted area across the Polish border.

“I’m afraid this winter won’t be ideal when it comes to air pollution,” she said. “I’ll be happy if I’m wrong.”

Roman Vank, board member of coal seller Ridera in Ostrava, said coal sales have increased by around 30% compared to last year. The cheapest form – lignite – was the most in demand.

Jančík, the scientist, said the impact on air quality is difficult to predict immediately, especially if it’s another mild winter, and pollution “may only get slightly worse. “.

According to him, a positive development is that the high prices of natural gas and electricity force people to acquire solar panels, more efficient heating systems and to try to become less dependent on energy sources.

“There are two opposing trends: the first is that people are trying to use better and more efficient ovens, and the second is that they are considering using more coal and wood,” Jančík said. “It may be the result of shock or worry, and they want to get the supplies ready.”

Czech Greenpeace spokesperson Lukáš Hrábek expected a negative impact in the near future.

“We are currently seeing contradictory trends. We are seeing an increase in coal consumption, but at the same time we are seeing massive investment in renewables, heat pumps, insulation,” Hrábek said. “So it’s hard to say what the long-term effect will be, but the short-term effect is pretty obvious, air pollution will be worse due to higher coal consumption.”

In another sign of the coal renaissance, the Czech Republic has canceled plans to completely halt mining near Ostrava to help preserve electricity supplies amid the energy crisis.

State-owned OKD will expand its mining activities in the Ostrava region until at least the end of next year, citing “huge” demand. It will mainly be used for electricity generation and domestic heating, with coal-fired power plants producing almost 50% of the country’s electricity.

The decision came after the European Union agreed to ban Russian coal from August because of the war in Ukraine and as it works to cut the bloc’s energy ties with Russia.

The Czech government aims to phase out coal in power generation by 2033 and increase its reliance on nuclear power.


Follow AP’s climate and environment coverage at

Ryanair launches two new routes from Prague Thu, 17 Nov 2022 18:39:56 +0000

Budget airline Ryanair plans to increase its number of routes from Prague by two next year, adding the Polish city of Gdańsk and the Greek island of Skiathos in 2023.

The Prague-Gdansk flight will start on March 29. It will operate twice a week, Wednesdays and Saturdays. The city is located on the shores of the Baltic Sea and its historic center is a UNESCO World Heritage Site.

Tickets are on sale now. Round-trip fares start at 2,800 crowns for a standard return flight.

Ryanair will launch its seasonal flight to the island of Skiathos at the start of the holiday season on June 2. It will also run twice a week – Tuesdays and Fridays. Tickets for this destination are not yet available for sale.

About Gdańsk and what to visit

Located on the northern coast of Poland, nearly 600 km from Krakow, Gdańsk is famous for its shipyards and historic water connections. It is here that the Vistula merges with the Baltic.

  • Somewhat similar to Krakow’s Market Square, Długi Targ (Long Market) is flanked by beautiful historic houses, each with a story attached. Here you will find the Historical Museum of Gdańsk in the Town Hall, which also contains a tower offering a view of the city.
  • Nearby you will find St. Mary’s. Often cited as the largest brick church in the world, it is large enough to hold 25,000 people! Dating from the 14th century, the 78m tower is visible from everywhere.
  • Opened in 2016, the National WWII Museum is one of the city’s most popular attractions. As with many of the newer exhibition spaces in Poland, the building itself is impressive and the scale inside is at times mind-boggling. Plan an entire afternoon.
  • The rust-red exterior of the European Solidarity Center is another great architectural feat. A handy addition to the National WWII Museum, it tells the story of Gdańsk’s post-war freedom struggle. Again, the scale is impressive.

About Skiathos and what to visit

Skiathos is the most popular of the Sporades, the islands east of Volos and north of Evia. It has a lot to offer people of all ages and nationalities, most of whom return year after year. The island is actually the extension of forested Mount Pelion and the landscape reflects this.

The town of Skiathos is the soul of the island, with its two-storey white houses with tiled roofs and its small flower gardens which give a majestic allure to the island.

The promenade and harbor are full of taverns, cafes and bars; on Papadiamantis Street, the main street, you will find traditional shops and cafes ideal for sitting and people watching.

After all, Skiathos is known for its water sports.

SMB IT Spend Market 2022 to 2028 Future Demand Analysis, Features Industry Sizes, Key Objective – The C-Drone Review Thu, 17 Nov 2022 07:12:15 +0000

New Jersey, United States – Latest study on the industrial growth of SMB IT Spending Market 2022-2028. A detailed study accumulated to offer the latest information on the SMB IT Spending Market. The report contains different market forecasts related to revenue size, production, CAGR, consumption, gross margin, price, and other important factors. While emphasizing the major driving and restraining forces of this market, the report also offers a comprehensive study of the future market trends and developments. It also examines the role of major market players involved in the industry, including their company overview, financial summary, and SWOT analysis.

SMB IT Spend Market Research ensures you stay/stay better informed than your competitors. With structured tables and figures examining SMB IT Spending, the research document provides you with key product, submarkets, revenue size and forecast to 2028. Comparatively, it also ranks emerging as well as leading of the sector.

Click for PDF SAMPLE of SMB IT Spend Market (including full TOC, table and figures) @

This study also covers company profiling, product specifications and picture, sales, market share and contact information of various regional, international and local vendors of the SMB IT Spending market. The market proposition is changing frequently with increasing scientific innovation and M&A activity in the industry. Additionally, many local and regional vendors offer specific application products for various end users. New candidate traders in the market find it difficult to compete with international suppliers based on reliability, quality and modernity of technology.

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The titled segments and sub-sections of the market are illuminated below:

In-depth Analysis of SMB IT Spend Market Segment by Types:

  • Material
  • Software
  • Services

Detailed analysis of SMB IT Spending Market Segment by Application:

  • Small enterprises
  • Medium-sized companies

Major Key Players in the Market:

  • Fujitsu
  • resume
  • Lenovo Group
  • Oracle
  • SAP
  • Microsoft
  • Dell
  • Cisco Systems
  • Toshiba
  • IBM

Regional Analysis For SMB IT Spend Market:

• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Bas, in Poland, Czech Republic, Slovakia, Hungary and Romania)
• North America (United States, Canada and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, United Arab Emirates, South Africa)

In addition, the years considered for the study are as follows:

Historical year – 2017-2022E

Reference year – 2021

Forecast period** – 2023 to 2028 [** unless otherwise stated]

**Furthermore, it will also include the opportunities available in the micro markets for the stakeholders to invest, a detailed analysis of the competitive landscape, and the product services of major players.

Key points of the SMB IT Spending market report:

– Detailed examination of the SMB IT Spending market-specific drivers, trends, restraints, restraints, opportunities, and major micro markets.

– Comprehensive assessment of all prospects and threats in the

– In-depth study of industry strategies for growth of SMB IT Spend Market key players.

– Latest innovations and major proceedings of the SMB IT Spend Market.

– Favorable drop inside the vigorous high-tech and remarkable latest market trends of the market.

– Conclusive study about the SMB IT Expenditure Market growth plot for forthcoming years.

What to expect from this SMB IT Spending Market report:

1. A comprehensive summary of several area breakdowns and summary product types popular in the SMB IT Spend Market.

2. You can repair your growing industry databases when you have information about cost of production, cost of products and cost of production for the next coming years.

3. In-depth break-in assessment for new businesses looking to enter the SMB IT spend market.

4. How exactly do top companies and mid-level companies earn revenue in the market?

5. Research the overall development within the SMB IT Expenditure Market that assists you in selecting product launch and review growths.

Detailed TOC of SMB IT Spending Market Research Report-

– Introduction to SMB IT spending and market overview

– SMB IT Spend Market, by Application [Fruit, Meat, Poultry and Egg, Milk, Serving Agricultural Products & Experience Agricultural Products]

– Industry Chain Analysis of SMB IT Spending

– SMB IT Spend Market, by Type [, Online Futures (cargo Rights) Trading of Agricultural Products, Electronic Trading of Agricultural Commodities, Agricultural Products Online Retail Transactions & Cross-border E-commerce of Agricultural Products]

– Industry Manufacture, Consumption, Export, Import by Regions (2017-2022E)

– Industry Value ($) by Region (2017-2022E)

– SMB IT Spending Market Status and SWOT Analysis by Regions

– Major Region of SMB IT Spend Market

i) Sales of SME IT spend

ii) SMB IT spending revenue and market share

– List of main companies
– Conclusion

Thank you for reading this article; you can also get individual chapter wise sections or region wise report versions like North America, MINT, BRICS, G7, Western/Eastern Europe or Southeast Asia. In addition, we can offer you personalized research services, as HTF MI holds a database repository that includes public organizations and millions of private companies with expertise in various fields of industry.

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InTiCa Systems AG: Publication of the interim report for 9M 2022 – Third quarter stronger than the previous year Tue, 15 Nov 2022 06:47:01 +0000 EQS-News: InTiCa Systems AG / Key word(s): Figures over 9 months

InTiCa Systems AG: Publication of the interim report for 9M 2022 – Third quarter stronger than the previous year

15.11.2022 / 07:45 CET/EST
The issuer is solely responsible for the content of this announcement.

InTiCa Systems AG: Publication of the interim report for 9M 2022 – Third quarter stronger than the previous year

Group sales amounted to €71.2 million (9M 2021: €75.5 million)

EBIT margin of 3.0% in line with expectations (9M 2021: 3.9%)

Orders in progress remain high; prospects confirmed

Passau, November 15, 2022 – InTiCa Systems AG (Prime Standard, ISIN DE0005874846, ticker IS7) today released the interim report for the first nine months of 2022. While sales for the first six months were lower than the prior year period, which was dominated by catch-up effects and the economic recovery, in the third quarter, InTiCa recorded a slight increase in sales. As the demand product mix was once again favourable, the margin also improved slightly. In total, recording Group sales of €71.2 million (9M 2021: €75.5 million), an EBIT margin of 3.0% (9M 2021: 3.9%) and cash operating flow of 3.8 million euros (9M 2021: minus 2.2 million), the performance for the first nine months was fully in line with expectations.

Dr. Gregor Wasle, CEO of InTiCa Systems AG, comments on the development of the business as follows: low July. As expected, our current product developments generated initial orders for stators and actuators for e-mobility and in the Industry & Infrastructure segment for power electronics for stationary charging infrastructure. InTiCa’s strong business performance highlights our strong market position for end-to-end electrification, digitalization and automation of automotive, industry and infrastructure.

Result, assets and financial situation

Group sales decreased 5.8% year-on-year to €71.2m in the first nine months of 2022 (9M 2021: €75.5m). In the Automotive segment, sales fell 4.7% year-on-year to EUR 54.6m (9M 2021: EUR 57.3m) while Industry & Infrastructure decreased by 9.1% to EUR 16.6m (9M 2021: EUR 18.2m) .

The ratio of material costs to total production remained relatively high during the reference period at 63.2%, but was slightly lower than in the prior year period (9M 2021: 64.1%) despite substantial increases in the price of raw materials and industrial starting materials. . On the other hand, the rate of personnel costs (including temporary workers) increased slightly from 21.3% to 22.2% due to the increase in wages. At the same time, other expenses decreased from 10.7 million euros in the same period of the previous year to 9.0 million euros. This is mainly explained by the fact that interim staff costs, which are included in other operating expenses, fell to 2.9 million euros (9M 2021: 4.8 million euros).

EBITDA (earnings before interest, tax, depreciation and amortization) decreased to €6.6m year-over-year (9M 2021: €7.2m). The EBITDA margin, however, was only slightly below the prior year level at 9.3% (9M 2021: 9.6%). EBIT (earnings before interest and tax) also came out clearly positive at EUR 2.1m (9M 2021: EUR 2.9m) and the EBIT margin of 3.0% was in line with expectations (9M 2021: 3, 9%). At segment level, Automotive recorded EBIT of EUR 1.8m in the first nine months of 2022 (9M 2021: EUR 1.9m) and Industry & Infrastructure segment recorded EBIT EUR 0.3 million (9M 2021: EUR 1.0 million).

The financial result was minus EUR 0.4m during the reporting period (9M 2021: minus EUR 0.4m) and tax income was EUR 0.5m ( 9M 2021: EUR 0.6 million). Net income, Group share therefore amounts to 1.2 million euros over the first three quarters (9M 2021: 1.9 million euros). Earnings per share were EUR 0.28 (9M 2021: EUR 0.44).

Operating cash flow improved significantly in the third quarter to a total of EUR 3.8m in the reporting period (9M 2021: minus EUR 2.2m). This was primarily due to the deliberate reduction of inventory in response to volatility in bidding patterns and changing conditions in the procurement market. To finance the planned increase in investments, two project-related loans were contracted. This resulted in a total cash outflow of €1.2m during the reporting period (9M 2021: €7.6m cash outflow). The equity ratio remained strong at 33.2% (31 December 2021: 33.7%).


The business environment is currently dominated by exceptional challenges due to the still latent pandemic and the ongoing war in Ukraine. Leading economic research institutes predict that the associated effects on supply chains, energy availability, inflation and interest rates will lead to a significant economic slowdown worldwide. Germany is particularly affected due to its heavy dependence on gas. At InTiCa, the additional costs generated by the rise in electricity and gas prices have been kept under control by existing contracts and relatively low energy intensity.

Although short-term risks remain high, opportunities dominate in the medium term. Electrification with end-to-end coupling of climate-related sectors – energy, industry, buildings and mobility – is key to achieving ambitious climate goals. This implies a need for significant investments in infrastructure and smart technologies. In addition to new EMC assembly and filter projects in the automotive segment, charging infrastructure in particular is an area of ​​growing interest for InTiCa. An increase in inquiries can also be observed for inverter technology for photovoltaic systems. As of September 30, 2022, outstanding orders, which reflect customer needs for an 18-month period, amounted to €107 million (September 30, 2021: €117 million). 82% of orders were in the Automotive segment (9M 2021: 78%).

„While customer order picking remains volatile, overall it is considerably more reliable than it seemed three months ago. Thus, partial unemployment in Passau, introduced in August as a precaution, ended after only one month and the staff at the site in the Czech Republic increased slightly. Given that the fourth quarter has also started positively and the order books are full, we are well on the way to achieving our objectives for the full year. Furthermore, we are pleased that the planned production of wage-intensive products in Ukraine should start in the coming months, at least on a small scale,” says Günther Kneidinger from the Board of Directors.

At present, the Board of Directors therefore still assumes that, taking into account the special challenges of 2022 and the currently available customer data, group sales will be between 85.0 million euros and 100.0 million euros. euros, while the EBIT margin will be between 2.5% and 3.5%. However, unforeseeable negative effects could affect suppliers, directly impact InTiCa Systems or affect its customers, resulting in an inability to meet expectations.

The full interim report for 9M 2022 can be downloaded from the Investor Relations section of InTiCa Systems’ website at Regarding the process followed following the decision to change the legal status to a European Joint Stock Company (SE), this will probably be the last financial report published under the name of InTiCa Systems AG. Currently, a co-management agreement guaranteeing the rights of employees to participate in company decisions is being negotiated. The next step will be registration in the commercial register.

InTiCa Systems SA

Board of directors

CONTACT Dr. Gregor Wasle | CEO

TEL +49 (0) 851 – 966 92 – 0

FAX +49 (0) 851 – 966 92 – 15

About InTiCa systems

InTiCa Systems is a European leader in the development, manufacture and marketing of inductive components, passive analog switching technology and mechatronic assemblies. It operates in the Automotive and Industry & Infrastructure segments and has around 850 employees at its sites in Passau (Germany), Prachatice (Czech Republic) and Silao (Mexico).

The Automotive segment focuses on innovative products that increase car comfort and safety, improve the performance of electric and hybrid vehicles and reduce carbon emissions. The Industry & Infrastructure segment of InTiCa Systems develops and manufactures mechatronic assemblies for the solar industry and other industrial applications.

Forward-Looking Statements and Forecasts

This press release contains statements and forecasts regarding the future development of InTiCa Systems AG which are based on management’s current assumptions and estimates which are made using information currently available to it. If underlying assumptions do not materialize, actual figures may differ materially from these estimates. Future developments and results depend on a large number of factors; they contain various risks and contingencies and are based on assumptions which may not be accurate. We neither intend nor undertake any obligation to update forward-looking statements on an ongoing basis as they are based solely on circumstances existing as of the date of publication.

15.11.2022 CET/CEST Broadcast of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
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Winsert, Graftobian and Croix Valley Foods Win 2022 Governor’s Export Awards Mon, 14 Nov 2022 17:42:00 +0000

2022 Governor’s Export Award recipients, left to right, Eric G. Coffman, President, Graftobian Makeup Company, Lu Holter, Co-Owner, Croix Valley Foods and Mark Coduti, President, Winsert.

Success in growing international sales has earned three Wisconsin companies—Graftobian Makeup Co., Foods of the Valley of the Cross and Winsert LLC — this year’s Governor’s Export Awards.

“Exports play a critical role in our state’s economic success, and promoting Wisconsin’s quality products, industries, and resources continues to be such an important part of our work to expand export opportunities and build a strong and resilient economy,” Governor Tony Evers said. “The individuals we recognize with these awards have proven to be innovative business leaders in our state, whose efforts have helped ensure Wisconsin remains a leading global trading partner with countries around the world. We are happy to be able to honor and celebrate their successes.

“These companies have distinguished themselves by identifying strategies to thrive in international markets, create jobs here at home, and help make Wisconsin an even stronger player in global commerce,” said Missy Hughes, Secretary and CEO of WEDC. “They are setting creative examples for other Wisconsin businesses to follow.”

The Governor’s Export Excellence Awards were established in 1981 to recognize companies that have contributed to Wisconsin’s export strength by achieving extraordinary results in international markets and improving Wisconsin’s competitiveness in the Mondial economy.

The awards serve a dual purpose: to recognize the good work of companies and to highlight examples of best practices in export growth so that other Wisconsin companies can learn and apply similar tactics.

Nominees were evaluated on measurable export growth, innovation, and contributions to the state’s overall economy and trade development.

This year’s winners are:

Foods of the Valley of the Cross

Founded in 2009 in a 100 square foot space at the back of a meat market, this company now manufactures 44 products in a new 20,000 square foot production facility. Croix Valley products include sauces, dry seasonings, Bloody Mary seasonings and flavor enhancers. The company is also one of a limited group of small-batch contract packers in the United States.

Based in Hudson, Croix Valley began exporting in 2018, selling $9,158 of its products internationally that year. That number has grown to more than $190,000 so far in 2022, representing 22% of the company’s total sales.

Croix Valley’s first foray into exporting was with sales to a Canadian company in 2018, and the company has since expanded to include a distributor in the Netherlands that handles accounts on behalf of Croix Valley in Slovenia. , Italy, the Czech Republic, Belgium and the United States. Netherlands.

Owner Lu Holter completed the ExportTech™ Program at the University of Wisconsin-Stout in 2022. The company has also won a scholarship to exhibit at a trade show in Paris and is considering ideas to boost its notoriety in Japan, Australia and Chile.

Graftobian Makeup Company

Graftobian manufactures and distributes virtually every type of makeup. Its products include DISGUISE STIX® makeup makeup; hair sprays and gels for colored and shimmering hair; Graftobian Theatrical® makeup and accessories for stage, TV, film, special effects and other uses; and most recently, Graftobian Ultra HD Glamor Make-Up, high-definition make-up for beauty and fashion in TV, film and print.

The Madison Company has been exporting since the early 1980s. He urged other companies to get involved in exporting and even produced an explainer video on exporting. Recent orders have come from Spain, India, France and South Africa. Graftobian now ships approximately 30% of its products internationally and was named Small Business Exporter of the Year by the US Small Business Administration in 2022.

During the COVID-19 pandemic, it developed a dual-camera 4K video conferencing system to hold international virtual meetings and demonstrate its products. The system allowed Graftobian to show how well its products perform under ultra-high definition cameras. In 2020, Graftobian collaborated with Makeup Magic in Seoul, South Korea, to host a training seminar for over 100 students on Graftobian’s extensive makeup library.

Winsert LLC

Located in Marinette, Winsert is one of the world’s leading providers of innovative alloy solutions for a variety of industries. It has capabilities for the development, testing and production of cobalt-, nickel- and iron-based alloys for applications such as medium and heavy duty engines, power generation, emissions control, industrial valves, forestry and food processing.

Exporting is an integral part of Winsert’s long-term growth strategy. Its export sales have fluctuated during the pandemic, but its percentage of total international sales has increased each year. In 2021, the company recorded approximately $47 million in total sales and landed its highest export percentage yet, with 66% of its products shipped overseas.

The company currently ships to 29 countries. It has established a sales office in Munich and is in the process of hiring additional staff in Europe to support its sales growth. Winsert is also expanding into Asia, with a sales and technical support team in Japan. As the pandemic subsides and travel becomes safer, Winsert officials hope to resume face-to-face interactions with partners around the world to maintain its competitive edge.

Global Automotive Interior Trim Market Set to Grow Mon, 14 Nov 2022 06:15:00 +0000

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Chemical polymers



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Door panels


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ICE passenger vehicles

ICE utility vehicles

Battery Electric Vehicles (BEV)

Hybrid Electric Vehicles (HEV)

Plug-in hybrid electric vehicles (PHEV)

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Secondary market

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Latin America


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Qinghe Yongxin
Cooper Standard
Hebei Longzhi
Toyoda Gosei
Jiangyin Haida
At Jianxin Zhao
Zhejiang Xiantong
Nishikawa Rubber
Dura Automotive
Qinghe Huifeng
Minthe Group
Guizhou Guihang

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Latin America (Brazil, Mexico, Argentina, Chile, Peru, rest of LATAM)
EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Republic , etc.), Rest of Europe
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1. Summary

1.1. Main conclusions

1.1.1. Global automotive interior trim market

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3.1. Automotive Interior Trim Market Demand

3.1.1. Global Automotive Interior Trim Market Quarterly Market Value Analysis (USD Million), 2021

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3.1.3. Global Automotive Interior Trim Market Recalibrated Growth Projection (USD Million)

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