New mortgage issuances down 15.1% YoY in December, despite active utilization of the state subsidy program. Only in December subsidized mortgages made up 58% of total mortgage disbursements. Since the beginning of July around 40% of total mortgages issued were under the subsidy scheme
Temporary lift of mobility restrictions were positively reflected on spending in the range of sectors. Growth picked up in spending on apparel, household goods, electronics, construction materials, car repair services
Spending on entertainment, hotels and fitness remain deeply in red
Weekend occupancies of hotels, particularly in Kakheti and Tbilisi, somewhat improved, reflecting the New Year holidays
Growth of remittances inflows through TBC channels improved, posting 11.4% YoY for the week ending 31th of December
