Home / Business / Georgian Wine has not been formed yet Stable Market for Realization
Georgian Wine has not been formed yet Stable Market for Realization

Georgian Wine has not been formed yet Stable Market for Realization

“Georgian wine has not been formed yet stable market for realization”, – Zurab Ramazashvili, Telavi Wine Cellar company’s supervisory board chairman stated with Business Contact.

According to him, the export price of Georgian wine has been dropped almost 25%, due to the reduced purchase capacity in the main markets of Russia and Ukraine.

Ramazashvilis said that the industry needs state subsidies for many years, this is caused due to unstable sales market and it would be better if the market becomes self-regulating.

“If the market is self-regulating and there is no need of subsidizing, at this stage it is technically necessary. The main markets of Georgian wine are distinctive with their volatile and unstable activities.

There is low guarantee of realization and because of this fact, there is a big chance the grapes to remain unsold, or the peasants might not get the appropriate amount of money. Thus, from my point of view this is very right decision for the state”- said Zurab Ramazashvili.

“However, as for the prospects, I think that the state should not interfere in this matter in the future,”- said Ramazashvili.