COVID-19 and the Spanish Celtic Sea fishery: An economic analysis

The Celtic Sea fishing fleet is the largest offshore fleet segment in Spain. Over the last three decades, this fleet has experienced a decrease in its number of vessels. This negative trend was intensified by another disruptive factor: The COVID-19 pandemic. Spain, one of the European countries most affected by this pandemic, implemented restrictive strategies in the handling of the COVID-19 pandemic crisis that also affected fishing activities. The aim of this article is to analyze the effects of the COVID-19 crisis on the profitability, revenues and employment of Spanish shipowning companies whose vessels operate in the Celtic Sea. Through a population sample of 64 companies, the performance of variables such as turnover, total assets, number of employees, return on assets, return on equity or profit margin before interest and taxes has been assessed. The results show a variation of − 25% in turnover, − 10% in the number of employees and − 80% in economic and financial profitability. This is a case of failure of collective action, in which the lack of a contingency plan at the public and private level accentuated the negative consequences of the pandemic, especially in the first state of alarm. In addition, a strong interdependence was detected between the catches of the most valuable species and the activity of the HORECA channel.

A case study of agri-food systems in rural Spain: Impacts, responses and institutional lessons

Galicia is one of Spain's leading regions regarding agricultural and livestock production. In the light of the COVID-19 crisis, the permeability to the economic shocks of these sectors led to an unprecedented recession, given the heterogeneity of their characteristics, resulting in widespread losses. The main objective of this article is to analyze the impact of COVID-19 in the agricultural and livestock sectors in Galicia and, at the same time, identify the degree of affectation in each of these sectors, determine the impact of the pandemic in each province and study the institutional responses to the COVID-19 crisis. For this purpose, financial analysis of these sectors will be carried out through a sample of 998 companies. The results show a variation in operating income of -16.41% in the agricultural sector and -9.15% in the livestock sector in Galicia, although they are mixed across the different provinces of the region. Despite the articulation of a network of public aids and the adoption of new commercialization strategies, there are sub-sectors with high losses, such as the ornamental plant industry and the subsector dedicated to the production of beef. [ FROM AUTHOR] Copyright of Agricultural Economics / Zemedelska Ekonomika is the property of Czech Academy of Agricultural Sciences (CAAS) and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full . (Copyright applies to all s.)

Socio-economic impact of Covid-19 on the fishing sector: A case study of a region highly dependent on fishing in Spain.

Galicia is the most important fishing region in Spain. Nearly 50% of the volume of catches and of the national fishing fleet are concentrated in this region. During the Covid-19 pandemic, the fishing sector had the status of an essential sector and was not forced to stop its activity by the national Government. However, its economic performance has deteriorated in 2020. This article aims to analyze the impact of the pandemic on the extractive fishing sector in Galicia. For this purpose, the performance of the main economic and financial variables of the 246 companies that constitute this industry has been studied. The companies pertain to different extractive sectors (the national, offshore and large-scale fleets) and are in 9 different areas (Vigo, Pontevedra, Arousa, Muros, Fisterra, Costa da Morte, A Coruña-Ferrol, Cedeira and A Mariña). The results of the analysis show that the 9 fishing zones share a generalized negative trend but that there is heterogeneity in the results. Among the most determining factors are the predominant fleet extract, the target species caught, or the perception of public subsidies.

The Use of Corticosteroids or Tocilizumab in COVID-19 Based on Inflammatory Markers.

BACKGROUND: The inflammatory cascade is the main cause of death in COVID-19 patients. Corticosteroids (CS) and tocilizumab (TCZ) are available to treat this escalation but which patients to administer it remains undefined. OBJECTIVE: We aimed to evaluate the efficacy of immunosuppressive/anti-inflammatory therapy in COVID-19, based on the degree of inflammation. DESIGN: A retrospective cohort study with data on patients collected and followed up from March 1st, 2020, to May 1st, 2021, from the nationwide Spanish SEMI-COVID-19 Registry. Patients under treatment with CS vs. those under CS plus TCZ were compared. Effectiveness was explored in 3 risk categories (low, intermediate, high) based on lymphocyte count, C-reactive protein (CRP), lactate dehydrogenase (LDH), ferritin, and D-dimer values. PATIENTS: A total of 21,962 patients were included in the Registry by May 2021. Of these, 5940 met the inclusion criteria for the present study (5332 were treated with CS and 608 with CS plus TCZ). MAIN MEASURES: The primary outcome of the study was in-hospital mortality. Secondary outcomes were the composite variable of in-hospital mortality, requirement for high-flow nasal cannula (HFNC), non-invasive mechanical ventilation (NIMV), invasive mechanical ventilation (IMV), or intensive care unit (ICU) admission. KEY RESULTS: A total of 5940 met the inclusion criteria for the present study (5332 were treated with CS and 608 with CS plus TCZ). No significant differences were observed in either the low/intermediate-risk category (1.5% vs. 7.4%, p=0.175) or the high-risk category (23.1% vs. 20%, p=0.223) after propensity score matching. A statistically significant lower mortality was observed in the very high-risk category (31.9% vs. 23.9%, p=0.049). CONCLUSIONS: The prescription of CS alone or in combination with TCZ should be based on the degrees of inflammation and reserve the CS plus TCZ combination for patients at high and especially very high risk.

Impact of the COVID-19 crisis: Analysis of the fishing and shellfishing sectors performance in Galicia (Spain).

The COVID-19 crisis has had consequences in every area of the Spanish economy. The fisheries and shellfishing sectors in Galicia have been significantly affected due to the measures taken to curb the pandemic. In particular, the closure of the HORECA channel and the confinement of the population have adversely affected the production of fresh fish and shellfish. In this study, a three-stage analysis of the management of the pandemic in Spain has been carried out (confinement, "new normality" and closure of the HORECA channel). The direct and indirect effects of the pandemic have been considered, as well as other factors independent of it, which usually influence production. The results show a decrease in catches, revenue and average price (euros/kg) at first sale of Galician fish and shellfish products over the three study periods, with an incidence level that varies between phases, species, fleet segments and sectors.