Tracking the Recovery

2 Jul, 2021
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  • New mortgage issuances as well as residential property transactions in Tbilisi remain on the positive growth territory
  • Non-cash expenditures by non-residents maintain positive dynamics, posting a significant improvement in the fourth week of June
  • Growth of non-cash spending on hotels, through TBC Bank channels, on the positive territory, while showing a sizeable increase for restaurants & cafes
  • Non-cash spending on entertainment remains on negative growth territory
  • A noticeable increase was observed in non-cash spending on categories of construction materials and electronics
  • Non-cash spending on personal care doubled in the fourth week of June, while a solid growth was observed for non-cash spending on other consumer goods
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