Our active policy is to be present in different and less risky markets, Nutsa Abramishvili, CEO of Schuchmann Wines Georgia, told BM.GE about the importance of diversifying Georgian export markets.
She said that Schuchmann Wines will continue its strategy in 2020 and Russia’s share in exporting their products will be up to 3-5%.
"We have shifted our focus to Asia's rich markets by 2020," Nutsa Abramishvili said.
According to the CEO of Schuchmann Wines Georgia, Russia remains an important market for the company in terms of risk assessment.
“The Russian market is an important market for us as it is a high risk market due to a number of events, so we have only 3-5% of Russia's share in our plan.
The recent devaluation of the ruble, or economic downturns have generally led to problems with the withdrawal of funds, so we sell wine in Russia on the most stringent terms. Which means 100% down payment, no consignment. If anyone wants to start a business with us, he or she should be ready to invest, that is, to pay in advance, to buy and then to get the goods”, explained the company's CEO.
See all the news
Silknet signed Memorandum of Understanding with Global Communications Company One Web
Reuters: Dutch city tells floating Georgian monastery to cast off
The NBG hiked further as the GEL stays undervalued
World Bank expects slowdown of Georgia's economic growth in Q4 of 2019
Georgia-Estonia Business Forum is Held Today
Nestle Sees $250 Million Boost for Starbucks Products
GDP will be Calculated by the Updated Methodology from Today – What the Reform Will Cause
BM.GE: Giorgi Gakharia has selected a new business ombudsman
Tourist Number Hits a Record within 10Months and Exceeds 8 MLN Despite Putin’s Flight Ban
Galt & Taggart does not rule out slowdown of economic growth to 4% in 2020
Mamuka Khazaradze: finally, I also found out what we were accused of
Salmonella detected in frozen chicken meat imported from Ukraine
Talakvadze about Tskaltubo Development Project: special rules won’t apply to Ivanishvili
m2: we do not have any plans for Center Point at this stage
Georgia Capital to open 6 new hotels in Georgia under the new brand Amber Group
The CEO of m2 Group is changed - Shota Berekashvili replaces Irakli Burdiladze
The 30 Top Emerging Travel Destinations for 2020
"We hold rather comfortable shares on the market " – Does TBC Bank want to Buy Cartu?
Interview with Ahmed Bin Sulayem - Executive Chairman and CEO of DMCC
Agreement signed between Silknet and Euronews to launch “Euronews Georgia”