Georgian Minister for Agriculture Otar Danelia said that devaluation of the Russian ruble will not have a negative impact on Georgian exports. He noted that export indicators of 2013 had been calculated, so subsidies had been spent on citrus fruit processing, Trend reports.Georgian exporters have recently been complaining about loss of profit and sales of Georgian wine in Russia because of the weakening Russian currency.
Co-founder of the North-South center, vice-president of the Consulting-Analysis-PR union Ismail Agakishiev, and President of the Baku Interbank Currency Exchange Farhad Amirbekov.
The body of Kakha Bendukidze, an ex-minister for economy of Georgia, an advisor of the Ukrainian president, will be examined in London, said Georgian ex-Deputy Minister for Economy Vakhtang Lezhava, TASS reports.Bendukidze died in London on November 13. He will be buried in Tbilisi. The day of the funeral has not been named.
"Produce in Georgia": business dream at the expense of taxpayers?The state program "Produce in Georgia" presented on Monday by Prime Minister Irakli Garibashvili has been approved by the government. The Minister of Agriculture, Shalva Pipia, said that this program will cover a number of areas which contribute to the development of local production. The project will be implemented jointly by the Ministry of Agriculture and the Ministry of Finance. One of the key aspects of the state program is the participation of the state in giving loans to businesses. The program promises $2 million to entrepreneurs who want to start new businesses.The state will pay at least 10% of the interest rate on a loan given by a bank. The state program was welcomed by Georgian banks, who expressed their readiness to finance competitive projects initiated by large and medium-sized businesses. However, economists of the country are skeptical about the program. Thus, the founder of the NGO "Marketing", Mamuka Pagava, said in an interview to VK that a program like that had already been developed in Georgia once and had failed. Pagava believes that this time the program will fail as well.The expert believes that the project will fail due to the fact that businesses will have no personal liability for loans. "Capitalism has been developing for 500 years based on personal responsibility. This principle is the core of market relations. All financial crises in the world, including the last one, which began in 2008, were the result of government intervention in market relations and the willingness to burden taxpayers with the risks of others," he said.The state program "Produce in Georgia" presented on Monday by Prime Minister Irakli Garibashvili has been approved by the government.
Most Georgian wine companies have already raised the prices of their exports. Production prices have risen since the end of 2013, and it affected the main export markets."Prices rose only for red wine, and this is caused by an increase in product demand and a rise in price of grapes in Georgia. Export wine has risen in price by 10-20%, but in Georgia prices have not changed," Business-Georgia quotes the General Director of "Tbilvino", Georgii Margvelashvili.
28 Georgian alcohol products of 7 companies (9 of Imedi-96, 5 of Shukhmann Wines, 5 of Brothers Askaneli, four of Akhalsheni 2005, 2 of Shalvino and Tsinandali-Best Wines of the 21st Century each and 1 of Saamo), failed to receive registration in Russia, RIA Novosti reports.
The third visit of Russian sanitary inspectors to Georgia has been concluded with 31 Georgian alcohol makers and 3 mineral water manufacturers receiving permission to exports their products to Russia, the Federal Service for Oversight of Consumer Protection and Welfare reports.Thus, a total of 95 Georgian wine makers, 7 manufacturers of mineral water and one beer company have permission to trade in Russia.
Georgian wines and brandies disappeared from the shelves of Russian stores in 2006, and during this time our consumers missed their taste. The Russian market will soon welcome all the favorite wines and brandies from Georgia, including "Tamada", "Old Tbilisi" and "Old Kakheti Brandy." Georgia is one of the main centers of the origin of the vine and the birthplace of winemaking. On the territory of Georgia grape leaf prints of past geological eras have been found.
13 Georgian makers of alcohol drinks and two manufacturers of mineral water have received 197 notes of state registry in Russia, RIA Novosti reports.Georgia is making plans for the third visit of experts of the Russian Federal Service for Supervision of Consumer Rights Protection and Human Welfare.
Russian specialists have conducted an inspection of Georgian wine-producing enterprises. 12 enterprises have been rejected because the quality of their products was labelled as poor.
Georgia plans to return beer to the Russian market, ITAR-TASS cites Levan Davitashvili, head of the National Wine Agency.Beer-makers will need to undergo the same procedures as manufacturers of wine and mineral water to return to the Russian market. Georgia reported about plans to renew tea exports to Russia yesterday.
"Alaverdi", a Georgian distilling company, has completed registration for the supply of its products to the Russian market, the head of the National Wine Agency, Levan Davitashvili, said today."Alaverdi" is the third Georgian wine company to complete the registration. All other companies are expected to complete the registration soon. The first export deliveries of Georgian wine are scheduled for the end of May.
The second inspection of the Russian Federal Service for Supervision of Consumer Rights Protection and Human Welfare to Georgia will most likely be postponed, because Georgian wine makers did not present all the necessary documents, RIA Novosti reports.The experts were planning to visit Georgia in late March 2013.59 more Georgian enterprises presented applications to sell alcohol drinks in Russia. Additional enterprises were added to the list by the Georgian National Wine Agency, though they did not apply for inspection.
Georgia plans to export to Russia 25 percent of its wine, or 8-10 million bottles a year, the head of the Georgian National Wine Agency, levan Davitashvili, says.
Russian Chief Sanitary Inspector Gennady Onishchenko said that three groups of specialists will visit Georgia today and will be testing 44 enterprises producing wine and 4 producing mineral water this week.Inspectors will give ratings to their products, which will then determine whether to allow Georgian manufacturers to enter the Russian market or not.The inspection had initially been planned on February 11.Russia had banned Georgian wine and mineral water in spring 2006.