Sunday, September 8, 2013

Russians to invest in Georgian wine industry

08.09.2013 (Hvino News) Russian investors are mulling a possibility to build wine enterprises in Georgia, Russian news agency Interfax reported on Saturday citing Georgy Seturidze, head of Center for Georgian-Russian Economic Cooperation.

"There exist several large investment projects the work on which is almost completed. As for now, I know that two Russian private companies plan to invest dozens of millions on the Georgian wine industry," Seturidze said. He, however, did not name the companies that intend to invest in Georgia's wine industry.

The Center for Georgian-Russian Economic Cooperation is an NGO set up in Tbilisi in 2012 in order to restore and develop Georgian-Russian economic relations. There are no diplomatic relations between Georgia and Russia.

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