Summary

Monemvasia Winery’s core business is growing vines and making, bottling and selling its wine. It carried out extensive studies of the characteristics of local varieties, which led to Monemvasia-Malvasia wine being granted EU Protected Designation of Origin (PDO) status in 2010. PDO status led to growing demand for the wine. Monemvasia Winery realised that to expand to meet this demand it would be necessary to relocate the business. This project enabled it to increase production by moving to a new site, as part of its business plan to revive Malvasia wine in its place of origin.

Results

The project enabled Monemvasia Winery to increase production from 200 000 bottles of wine per year to 350 000 bottles per year.

The investment secured two jobs and created prospects for another position.

Most of the supplementary raw material used by the company is supplied by local producers, thus this investment supports the local economy.