Saturday, February 1, 2014

Expected price increase on alcohol in Russia will not impact Georgian wine producers

31.01.2014. Due to sharp depreciation of Russian Ruble, the analytics predict 10-15% price increase on the alcohol, although Georgian wine producer states that it will not change any thing for Georgian wine exporters.

Member of the board of a leading Georgian wine company Tbilvino Zurab Margvelashvili states that the company makes payments to Russian suppliers in "stable currency" and that's why export incomes of Tbilvino in USD will not changed.

Director of Federal and Regional Markets Research Center of Russia Vadim Drobiz stated in the interview with Izvestia that due to Ruble depreciation to USD and Euro, they expect about 10-15% price increase on the imported alcohols. Especially they expect price increase on wine and strong alcohol drinks.

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