Thursday, March 6, 2014

Does Georgian wine face threats in Ukraine?

07.03.2014. Wine companies speak about risks they face in Ukraine. According to Schuchmann Wines'  Nutsa Abramishvili, political situation became more complicated and the market is unpredictable in Ukraine, however, export of wine from Georgia does not face problems at this stage.

In her words, the company's distribution partner has not informed them about the possible problems with export in Ukraine and they do not think about the reduction of volume of exports. Along with that, in Abramishvili’s opinion, if the processes in Ukraine don’t stabilize, it will badly impact the Georgian economy. Schuchmann Wines sells 25% of export products in Ukraine.

Telavi Wine Cellar also speaks about risks associated with the Ukrainian market. According to Chairman of the Supervisory Board of the company, there is a danger associated with the Ukrainian market , but so far no practical impact in terms of the delivery has observed. Zurab Ramazashvili says that sales of wine are stable in Ukraine. He says if the processes in Ukraine don’t stabilize and the situation turns into unmanageable, it will create problems not only to them but also to all countries having trade relations with Ukraine. 15-20% of exports of  Telavi Wine Cellar go to Ukraine.

Source (edited)

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