Russia’s economic woes cause 60 per cent slump in Bulgarian wine sales

Written by on July 30, 2015 in Business - Comments Off on Russia’s economic woes cause 60 per cent slump in Bulgarian wine sales
wine glasses containing red wine amid moody wisps of smoke

Bulgarian wine sales have fallen by 60 per cent because of the political and economic situation in Russia, a leading market for Bulgarian wines, according to National Vine and Wine Chamber head Radoslav Radev.

Radev, who was at the opening of the second annual Wine Festival in Bulgaria’s Black Sea city of Bourgas, said that he hoped that Bulgarian wine producers would make up for the decrease by increasing sales in other markets, including the domestic market where consumption was rising.

“Bulgaria is one of the countries that are most affected, but all European wines are suffering from the situation in Russia,” he said.

Since the beginning of 2015, there had been a 50 per cent decrease in sales of Bulgarian wine to Russia.

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(Photo: Edwin Pijpe)

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