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Tbilvino Founder Giorgi Margvelashvili

Georgia’s Winemaking Business Suffers a Blow in 2015: Tbilvino Founder Assesses the Year

What is the opinion of Georgian winemakers on the 2015 results? The year was quite problematic, they said. Besides Russian and Ukrainian markets, problems arose in Belarus and Kazakhstan too.

The ongoing political and economic developments in these countries have already made negative effect on exports of Georgian products and revenues of winemaking companies.

Giorgi Margvelashvili Founder of Tbilvino says in the interview with CBW:

The year of 2015 was unfavorable for our company in terms of export sales. Namely, the sales dropped about 20%. Major slowdown was recorded in Ukraine, Russia and Belarus, as well as in Kazakhstan. The previous year was very good, when our sales in Russia extremely surged. Therefore, we should not refer to those indicators. Our company will intensify efforts in the Baltic countries, Poland and the USA to remunerate losses in Russian, Ukrainian, Belarus and Kazakh markets. We have found new partners in Germany and Australia. This year our domestic sales rose by 15%.

We expect the year of 2016 to bring better results. The wineries cannot fully use the harvest that is reaped in Georgia. In 2016, wineries will still have wine reserves and therefore, the field is expected to face problems again”, Margvelashvili noted.