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Yalta International Economic Forum Information portal

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30 August '17

Four Crimean Wineries Participate in an International Exhibition in Korea

The wines of FSUE PAO Massandra, Zolotaya Balka, ESSE, and Sun Valley (Solnechnaya Dolina) took part in the presentation. Darrell Joseph, an international wine expert of Austrian origin, suggested holding the presentation after visiting the Crimean wine-making enterprises in the autumn of 2016. “He was our guest, he tasted both the classic Massandra line and some new brands of dry wines”, said Yanina Pavlenko, General Director of FSUE PAO Massandra, quoted in the company’s press release. “We are happy to know that his visit to Crimea, to our famous wineries, resulted in such a wonderful idea and that Crimea is participating in the event, proving once again that wine is beyond politics and knows no boundaries.”

Darrell Joseph arranges tastings and wine seminars around the world, writes articles for international specialised publications, such as Decanter, Wine Spectator, Wine Business International, and Harpers Wine & Spirit. He has also participated in creating a number of travel guides for the wine regions of Southern, Central and Eastern Europe. Mr Joseph has been studying Russian wine production for over ten years.

The Crimean wine producers believe that the Far Eastern and Asian market is very promising. A number of manufacturers, including FSUE NPAO Massandra, Inkerman International Group, and Invest-Alko, deliver their products to China. NPAO Massandra is planning to double its deliveries to the PRC this year compared to last year.

Expansion of economic cooperation between Russia and Asia-Pacific Region countries will be one of the key topics at the Eastern Economic Forum on 6 and 7 September in Vladivostok. In Crimea, cooperation with APR companies – implementation of major infrastructure projects in particular – involves a number of economic sectors. Samoo Architects (South Korea) architectural bureau developed the design for the new airport terminal “Crimean Wave” currently under construction at Simferopol Airport.

Logistics Consulting Group plans to start exporting up to 500 thousand tonnes of wheat a year from Crimea to China by organising a regular sea container line between Novorossiysk and the port of Tianjin in China. Delivery of the first wheat cargo is planned for the autumn of 2017. It was also reported that Vietnam might begin deliveries of raw materials to Crimea for producing titanium at the Crimean Titanium Works. There is a visible increase in the number of tourists visiting Crimea from APR countries and students from Asian countries studying at Crimean universities. At the moment, around 800 citizens of India, China, Indonesia, Malaysia, and Pakistan are studying at the Crimean Federal University.

The Yalta International Economic Forum also demonstrates the growing interest of representatives of APR business circles in cooperating with Crimea. In 2017, representatives of Australia, China, the Republic of Korea, Malaysia, Mongolia, Myanmar, Nicaragua, New Zealand, and Japan attended the YIEF.

The Yalta International Economic Forum Foundation takes an active part in creating conditions for developing business cooperation between Crimea and APR countries. Within the framework of the “Turn to the East” principle implemented at the state level, the YIEF Foundation focuses particularly on developing partnership between Crimean entrepreneurs and those from the Asia‑Pacific Region. The Foundation’s representatives participated in the visits by leaders of the Republic of Crimea to the People’s Republic of China and Vietnam. During the trips, they informed the business circles of these countries about the economic potential of Crimea and the opportunities present at the YIEF.

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