Home| Subscription| RSS| Contact| Newsletter| Search| Wein-Magazin German
 
Advertisement:
Advertisement:
Username:   Password:   Permanent login 
Free registration | I lost my password | Subscription | Help
Our advice for you: Register free and without obligation. Your data will never be passed on to others. Promised!
Saxony/Germany
30.11.2008
State wine estate criticised

Readers letter (so far 0)

 

The state wine estate in Saxony, Schloss Wackerbarth, may be privatised soon. The federal state's financial commission has criticised the economic situation of the operation.

The state financial commission has criticised the fact that operating a wine estate is not an essential function of the state, and has recommended privatising the business. The estate has run up losses running into double-digit figures in millions of Euros, and the supervisory authority, the state development bank of Saxony, had been unable to prevent this. Now the state, and specifically the taxpayer, must foot the bill. However, for budgetary and legal reasons, the state of Saxony may not guarantee to cover losses in future, and in addition it is possible that Brussels may intervene specifically because there is no definition of which duties are in the sphere of interests of the etate.

The estate was taken over by the development of Saxony in 1999, and caused quite a stir with its newly built modern cellar complex. (WF)
News
12.03.2010: Who said ther's a crisis? Read more
12.03.2010: Success for German wines Read more
11.03.2010: Alcohol provides protection against obesity Read more
11.03.2010: Quake destroys more than a tenth of the vintage Read more
09.03.2010: Germany still a loyal customer for French bubbly Read more
06.03.2010: Three brightly illuminated vineyards Read more
03.03.2010: Eisenberg-DAC announced Read more
All contributions

Reportage
Aphrodite's Island - Cyprus Read more
EBAY Wineauctions - Austrias most expensive wines Read more
The crater wines of Santorini - Declining vineyard areas and a push for quality Read more
Decline in prices for Icon-Wines? - Bordeaux Fine Wine Prices are back to normal! Read more
All contributions

Subscribe the free wein-plus.com newsletter!
Your e-mail adress:
This newsletter is free. Your e-mail adress
will not be passed on to others!

Wein-Plus is an independent medium. We place great store by the separation of editorial
content and advertising. Naturally, we do not trade with wine, and are not financially
connected, directly or indirectly, with any wine merchants or producers.
Please also note our additional legal notes and disclaimers in the Imprint.
We respect your right to privacy.  See our statement of privacy.
© Copyright 1998 - 2007 Wein-Plus, Utz Graafmann, Erlangen.
All rights reserved, reproduction only with written permission by Wein-Plus or Utz Graafmann.