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59 thousand purchases, but the return is not enough

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59 thousand purchases, but the return is not enough


Eleven million euros. This is the amount paid annually to the Web Summit for hosting an event in Portugal. If we consider that the event will actually remain in the Portuguese capital until 2028, its cost will be a total of 110 million euros in compensation taken by the state and the city council of Lisbon through the Lisbon Tourism Development Fund and the Ministry of Economy. …

But let’s get down to the numbers: in the four days of the 2021 exhibition, more than 59,000 purchases were made on site with an average consumption of € 10.33.

According to SIBS, maps of 100 different nationalities were used in the spaces of the technology summit. A total of 73.7% of consumption was produced by foreigners and 26.3% by Portuguese. Among the consumption by foreigners, the United Kingdom (10.5%) receives the most attention, followed by Germany (7.4%), Brazil (4.8%), Ukraine (4.4%) and Poland (3.7%).

In terms of purchases and withdrawals in the Lisbon area, the number of transactions increased by 4.2% compared to the 2019 edition.As for transactions exclusively with foreigners, there was also an increase of 18.6%. At 13:51 (Lisbon time) on November 2, the second day of the summit, deals peaked.

By sector of activity, supermarkets (31.3%) rank first in the list with the largest number of confirmed purchases, followed by the restaurant and similar sector (23.3%), gas stations (5%), as well as fashion and accessories (4.1 %). %).

In terms of the length of stay in Lisbon for foreigners attending the Web Summit 2021, most of them chose to stay only on the days of the event (65.8%), while 34.2% had been in Lisbon from the previous weekend.

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42,751 people from 128 countries visited this publication with a return to face-to-face format. The total, however, was lower than registered in the last face-to-face edition in 2019, when 70,469 people took part.

Until we see, it is not known for sure what economic impact the summit will have on the country, however, according to Economy Minister Pedro Siza Vieira, the immediate result is “very positive” and fully justifies the national effort, but less than expected.

The statements were made by a government official after a new assessment by the Economy Ministry’s Research and Strategy Office was released Wednesday, which reduced the short-term financial impact of the event. According to this new analysis by researchers from Minho University, whose direct impact survey covers 2016, 2017, 2018 and 2019, i.e. four face-to-face meetings before the pandemic, the numbers lag behind what was estimated in the first estimate published in 2018. One of the explanations for this drop is the reduction in the participants’ forecasts made three years ago.

It was originally expected that the rate of visitor growth would increase from year to year, indicating an average influx of around 80,000, which has never happened. In 2019, the turnout was ten thousand people below the forecast. The estimated turnout for 2018 and the actual number also showed a difference of about 11,000 visitors.

Thus, with fewer visitors, the immediate financial return is also lower than originally expected. In case of aggravation, revision towards lowering the average cost estimate. The estimated cost is now € 1.98 per day lower than originally indicated.

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The results of this latest survey also show a downward correction in employment and tax revenue collected by the government. In 2019, the equivalent annual employment was 1,692 jobs, not 2,911 as calculated in the first study. And income tax income was 14.7 million, not 35.8 million.

There is a difference of 71.7 million euros between the increase in produced wealth estimated at 141.5 million euros in 2019 and 69.8 million now calculated for this year on the basis of revised figures, which is equivalent to a decrease of about 50%.

Despite the downward revision, an immediate return to the Portuguese economy remains well above the aforementioned € 11 million.

“This study shows that the direct impact of the Web Summit, whether in terms of employment or tax revenues and the volume of induced demand in the economy, is highly positive in all respects, showing that the direct return more than justifies the investment we make.” – insisted Siza Vieira, pointing out that there are “indirect impacts” that are “difficult to measure”, but which, according to the minister, must be taken into account, since “everyone knows about the cases of visitors who come and invest [no país] after a better perception of the country. “

According to a study by the European University, the Portuguese recognize and support the impact of the Lisbon Web Summit. According to the study “The Impact of the Web Summit on the Economy and Tourism of Lisbon,” 93% believe that the recognition, international image (89%) and reputation (84%) of the Portuguese capital are growing.

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The majority of respondents also reported that they trust the decisions made by the government in the field of tourism regarding the development of activities (71%) and the efforts to include the tourism industry in the planning of tourism activities (62%).

In addition, more than half of survey participants (54%) said they agreed with the statement “The Web Summit strengthens the cohesion of the Lisbon tourism industry”.

This study was conducted from 17 to 25 October 2021 with 322 participants.

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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

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Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

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high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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