Issue #1217

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Issue no: 1217

• JANUARY 10 - 13, 2020 • PUBLISHED TWICE WEEKLY

PRICE: GEL 2.50

In this week’s issue... PM Gakharia: Georgia Has its Eye on Developments in the Region NEWS PAGE 2

Ukrainian Boeing 737 Crashes in Iran NEWS PAGE 2

FOCUS

New Year Contemplations NEWS PAGE 3

ON ANAKLIA

The new year gets off to a shaky start as the gov't cancels its contract with the Anaklia Development Consortium

Iran's Middle East Strategy POLITICS PAGE 4

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NWA Head: Georgian Wine Is Establishing Its Place in the Premium Segment BY TEA MARIAMIDZE

POLITICS PAGE 4

International Recognition: 35th Anniversary of Ecocenter for Environmental Protection BUSINESS PAGE 6

G

eorgian wine prices are on the up by the year, which means that Georgian wine is slowly establishing its place in the premium segment, claimed Levan Mekhuzla, Chairman of the National Wine Agency (NWA), in his interview with the Georgian National Public Broadcaster on Wednesday. Mekhuzla noted that Georgian wine export in 2019 amounted to 94 million bottles, which is a record high indicator in the history of independent Georgia. “In 2020, that figure is likely to reach 100 million bottles. Compared to 2018, wine exports increased by 8% last year, bringing revenue of up to $240 million into the country. The rise in the price of wine is even higher, 16-17%,” he noted. He went on to positively assess 2019 and state his belief that wine exports are already on the verge of a year-on-year increase. According to him, the figure of 94 million bottles itself is a record-breaking figure in the history of independent Georgia, and is a very positive trend.

PM on Water Supply Issues in Winter Resorts: This Shouldn't Have Happened

Giant Airport Development Projects to Be under Spotlight at GIAS 2020 BUSINESS PAGE 7

2 Hydro, 1 Oxy: Etseri, Svaneti SOCIETY PAGE 8 Image source: sfchronicle.com

“We think we have reached the point where very high percentages of growth are not expected and will remain within the range of about 5-10%. We need to exceed export of 100 million bottles in 2020, and another important factor is that the eight-percent increase observed at the end of

2019 is followed by a 16-17% increase in price. This means that the average price is rising and Georgian wine is slowly approaching and taking its place in the premium segment, which is our target market,” he explained. Continued on page 3

Ariadna Shengelaia's Star to Be Opened in front of Rustaveli Cinema CULTURE PAGE 11


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