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
Update on Shuakhevi HPP
Turkey to open doors to 31 countries for health tourism
Statement by Andrius Kubilius on the EU assistance for Georgia
Wine sales have increased 5 times in the UK - Georgian-British startup
S&P: Georgia Heads Toward Recession
Gurian Tea "Gamarjoba" will Appear on the Market from September
Coronavirus: Boris Johnson moved to intensive care
First-Stage Land Usage Permit for APM Terminals Poti
www.stopcov.ge is accessible in minority languages
How will Nenskra HPP Reduce the Electricity Import?
Wizz Air suspends all flights from Georgia to Europe except Budapest
Carrefour: The product will be on the shelves with the prices same as before
Differences between tobacco and nicotine products
OECD cuts 2020 global growth forecast over virus
Georgia to export new armored vehicle Didgori Meomari
"Hotels are in shock, reservations are canceled" - Shalva Alaverdashvili
Iranian MP infected with coronavirus dies
Georgian brand Entrée enters the UK market and opens its first facility in London
The first Swiss-Georgian VET college will soon be open in Dmanisi
EBRD reviewed the concept of Tbilisi Metro Project