"Vrsac Vineyards" negotiate on exports to Russia

"Vrsac Vineyards" are waiting for the process of privatization, but not being idle. Although "Guan Nan" did not purchase this company, at the last sale offer, "Vrsac Vineyards" are still present at the Chinese market, while negotiations with Russia are near the end.

Export to Russia would bring significant funds to Vrsac.

Local self-government is involved in the process of company sale. The Municipality of Vrsac formed Working Group last week, to survey the process of privatization.

This decision is welcomed in the company, says Dejan Nestorov, a Commercial manager of "Vrsac Vineyards".

- The municipality should participate more thoroughly in the process. We expect their further steps, to arrange a meeting with our representatives, to develop a strategy… What is essential for us, shareholders, is to have a fair privatization process, to enable company to operate more successfully in the time to come.

- According to current situation in the land lots, we expect a fine vintage this year – says a commercial manager of "Vrsac Vineyards".