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Toso wines will also be uncorked in Ukraine

With the support of Sace. Also Russia, Kazakhstan and Belarus in the future of the Cuneo winery

With the support of SACE, Cuneo-based Toso SpA has finalized an operation for the supply of products to a leading Ukrainian company, specialized in the wholesale and retail trade of wines and dairy products imported from Italy. Toso's collaboration with the foreign counterpart is not only dedicated to the Ukrainian country, but also to Russia and Kazakhstan and, in the future, to Belarus. In detail, SACE insured the transaction from any political and commercial risks.

Toso is a winery specializing in the production of high quality wines, sparkling wines, flavored wines and liqueurs. The company is based in the province of Cuneo, in the Belbo Valley. Right here, in 1910, Vincenzo Toso decided to transfer his business to give his wines a new imprint and, over the years, the company's products have crossed national borders from the hills of the Langhe to reach the markets of all over the world, from France to Southeast Asia. With this new operation secured by SACE, Toso consolidates its partnership with Regno Italiya, the Ukrainian company based in Lviv which selects European luxury wines and cheeses and supplies the main regional and national commercial chains.

"We are happy to be able to work alongside Toso with the aim of consolidating its activities in Ukraine and other countries in the area and to continue to focus with optimism on international projection as a driver of growth - said Enrica Delgrosso, head of the north west of SACE. With this operation we confirm our commitment to the agri-food sector, one of the pillars of Made in Italy that will certainly contribute to the hoped-for recovery of the Piedmontese economy”.

SACE makes a series of insurance-financial solutions available to Italian SMEs that focus on export and internationalization, also accessible online, capable of making the commercial offer more competitive, also managing the risks associated with the underlying transaction. Over the past four years, Italian exports of goods to Ukraine have grown at an average rate of 18%. In fact, Italy boasts historical commercial relations with Kiev and in 2019 Italian companies achieved a turnover of approximately 1.8 billion euros in the Ukrainian territory. Although sales are expected to decline in 2020, exports to Ukraine should restart in 2021 with growth rates of around 13% and will be driven, among others, by the sale of foodstuffs (+ 16.7%).

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EFA News - European Food Agency