Sudden Decrease in Bulgarian Wine Exports to Russia

Business | March 12, 2015, Thursday // 19:25
Bulgaria: Sudden Decrease in Bulgarian Wine Exports to Russia Photo: BGNES

Bulgarian wine exports to Russia have marked a considerable decrease.

In the words of Krasimir Koev, head of Bulgaria's Execute Agency on Vine and Wine (EAVW), the main reasons are the tragic events in Ukraine as well as the devaluation of the Russian ruble, as reported by the Argumenti Nedeli daily.

Koev noted that up until 2014, half of the Bulgarian wine production was exported to the Russian market. In his words, the number of orders truly reached ''cosmic dimensions''. In 2013, for example, Bulgaria has produced 250,000 tons of grapes and then 172,5 million liters of wine.

Currently, local wine producers have started talking about the drastic shift in the situation - considerable decrease in the imports to the Russian Federation. What is more, Russian market has gradually become inaccessible for Bulgarians. In their own view, the poor results are due to the situation in Ukraine and the Bulgarian support for the EU economic sanctions against Russia.

Allegedly, Russian buyers ''have simply stopped choosing Bulgarian wines''.

Meanwhile, 2014 has reportedly been deemed the worst one in a while in terms of wine production. The cold spring and the rainy summer had their fair share of contribution, as grape production only reached 109,000 tons. As a result, a mere 76,2 M liters of wine have been produced, out of which only 58 M liters were exported. 

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Tags: Bulgaria, Russia, wine, decrease, exports, production, Ukraine, crisis, business, markets, Execute Agency on Vine and Wine (EAVW)
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