http://rwe.sciedupress.com Research in World Economy Vol. 10, No. 3; 2019 Crimean Wine Market Enterprises: Challenges and Opportunities Rena Timirgaleeva1, Marina Matyunina1, Marina Shostak2 & Boris Makarenko3 1 Department of Economics and Management, V.I. Vernadsky Crimean Federal University, Simferopol, Russia 2 Department of Management and Touristic Business, V.I. Vernadsky Crimean Federal University, Simferopol, Russia 3 Administration of the Khostinsky intracity district of Sochi, Sochi, Russia Correspondence: Marina Matyunina, Department of Economics and Management, V.I. Vernadsky Crimean Federal University, Simferopol, 4, Akademika Vernadskogo Ave., 295007, Russia. Tel: 7-978-021-1447. E-mail:
[email protected] Received: June 20, 2019 Accepted: August 6, 2019 Online Published: August 28, 2019 doi:10.5430/rwe.v10n3p32 URL: https://doi.org/10.5430/rwe.v10n3p32 Abstract The article explores the regional aspects of the Sevastopol wine business enterprises’ development by means of an analysis of the wine business market. An assessment of the potential of the viticulture and winemaking agro-industrial subcomplex was made taking into account the new economic conditions: the integration of the region into the Russian economic space, and the need to implement the import substitution policy. The production indicators of the five largest enterprises in this field were analyzed. The presence of a large variety of services and products in the field of winemaking and the potential resources of viticulture were distinguished. The study showed that viticulture and winemaking, the production and sale of wine materials have always been among the most attractive branches of the agro-industrial complex of the Crimea, where the largest of the leading regions of viticulture is the federal city of Sevastopol.