Agriculture Minister: dependence on wine exports to Russia has dropped from 80% to 57%
He also said the Government was funding worldwide promotions, including wine tasting and exhibition events, and added a project seeking to fund marketing expenses for local entrepreneurs had been developed in 2021. Photo: Nino Alavidze/Agenda.ge
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Georgia’s previous 80 percent dependence on wine exports to the Russian market has dropped to 57 percent, Otar Shamugia, the Georgian Agriculture Minister, said on Monday.
The Minister noted the Government had been implementing projects for diversification of the wine export market with the involvement of the country’s National Wine Agency, pointing out about ₾12 million ($3.9mln/€3.6mln) was spent for the purpose annually.
He also said the Government was funding worldwide promotions, including wine tasting and exhibition events, and added a project seeking to fund marketing expenses for local entrepreneurs had been developed in 2021.
Shamugia called the Government's initiative an “additional offer” and “support” for the Georgian entrepreneurs to enter markets worldwide, saying the state would finance their expenses if they met the conditions of the project.
The importance of further collaboration with representatives of the wine industry was also noted in the Minister’s comments.
Last week, Shamugia said the number of countries where Georgian wine is exported had increased from 40 to 60 in recent years, adding the United States, Poland, Germany, China and the Baltic states had been “firmly established” among the top 10 of the list.
Georgia’s wine export growth rate reached more than 40 percent in January-February 2022, the Georgian Agriculture Minister Otar Shamugia said on Monday, adding the figure reflected the “purposeful policy” of the Georgian Government.
Georgian wheat production in 2021 increased by 32.9 percent to 136,100 tonnes, while the production of vegetables decreased by 15.4 percent to 149,000 tonnes year-on-year, the National Statistics Office of Georgia announced on Friday.
Vegetable production in Georgia has increased by 15 percent in recent years and amounted to 176.1 tonnes, Otar Shamugia, the Agriculture Minister of the country, said on Thursday.
Production of perennial crops in Georgia has increased by 33 percent in recent years and amounted to 600,000 tonnes, Otar Shamugia, the Agriculture Minister of the country, said on Thursday.
Turkey ($562.4 million), China ($461.9 million) and Russia ($383.3 million) were the top trading partners of Georgia in its total external trade turnover in January-March 2022, preliminary data from the National Statistics Office of Georgia show.
The number of people in Georgia who believe the country should limit its economic ties with Russia has increased by 16 percent, a new survey published by the National Democratic Institute on Thursday shows.
About 150 Georgian wines were presented to visitors of an event organised in London, the National Wine Agency of Georgia announced on Monday.
Georgian external trade turnover amounted to $5.25 billion in January-April 2022, posting a 33.4 percent increase year-on-year, the National Statistics Office of Georgia (Geostat) revealed on Friday.
Turkey ($766.3 million), China ($614.7 million) and Russia ($559.7 million) are the top trading partners of Georgia in total external trade turnover in January-April 2022, preliminary data from the National Statistics Office of Georgia show.
loans worth more than ₾242 million ($75მmln/€70mln), including state co-financing exceeding ₾46 million ($15mln/€14mln), have been issued in eastern Georgia’s winemaking Kakheti region for wine production over the past nine years, the Georgian Agriculture Ministry said on Thursday.