CHANGES IN THE INTERNATIONAL WINE TRADE AND POLICIES FOR THE PROMOTION OF MOLDOVAN WINES

Ugbo   Johnbull

doi:10.2478/eoik-2022-0013

Authors

Ugbo Johnbull

DOI:

https://doi.org/10.2478/eoik-2022-0013

Keywords:

international wine trade, Moldovan wines, policies for the promotion

Abstract

From an economic perspective, the COVID-19 crisis has been an exogenous
shock to most local and international markets. Due to the COVID-19 pandemic,
physical separation (or social distancing) to prevent the spread of the virus
has led to feelings of isolation and loneliness, increasing the prevalence of
depression, anxiety, post-traumatic stress disorders, and insomnia in the
population. However, during the lockdown, technological devices have provided
a way for people to maintain social connections with friends, family, their social
networks, and/or the wider community. This article analyzes the changes on
the international wine market and estimates the exports of Moldovan wine,
especially in the neighboring region, which includes Romania, Ukraine and
Bulgaria to Nigeria, considered a new market and characterized by the lack of
traditions in wine consumption.

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