The average spending per transaction reached 31 GEL.During the same period, cashless spending on personal hygiene products via TBC Bank channels grew 31% annually, with an average transaction value of 91 GEL.
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Exports to the European Union continue to grow, rising 13% year-on-year in the first nine months of 2025. Prices for Georgian wine in the EU remain consistently higher than global averages and prices in Russia, with notable variation across countries. Germany and the Czech Republic command higher prices, while Poland remains a high-volume, lower-price destination.Russia continues to be Georgia’s main export market. In 2024, Russia accounted for 66% of total Georgian wine exports, with Georgian wine making up 26% of Russia’s total wine imports. Georgia has strengthened its position as a leading supplier to Russia, offering competitive mid-range products, though average import prices remain lower than those of Italy, Poland, and Latvia.Georgian wine exports are also steadily growing in Central Asia, with Uzbekistan emerging as a particularly fast-growing market. Georgia’s share in Central Asian wine imports remains stable, with export prices aligned with or below local market averages, further enhancing the appeal of Georgian wine in these rapidly expanding markets.
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The largest share of these cashless transactions was spent on food, which represented 25% of total cashless spending, followed by restaurants at 14%.Cashless spending on food grew by 23% annually, with an average transaction amount of 17 GEL. Meanwhile, inflation for food and non-alcoholic beverages reached 10% over the same period.The data highlights the continued importance of cashless payments for everyday consumer goods in Georgia, with food remaining the leading category for TBC Bank customers.
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During the same period, residents accounted for 19% of total non-cash hotel spending, while non-residents made up 81%.Breaking it down further, residents’ non-cash hotel spending grew 11% annually, with an average transaction of 196 GEL. Non-residents’ spending surged 38%, with an average transaction of 579 GEL.Non-cash spending in restaurants also rose 34% year-on-year, with the average transaction amounting to 35 GEL. Residents accounted for 70% of restaurant spending, averaging 26 GEL per transaction, reflecting a 24% annual growth.Non-residents’ restaurant spending, on the other hand, jumped 66% compared to last November, with an average transaction of 136 GEL—nearly five times higher than the resident average.The data highlights the continued growth of cashless payments, particularly driven by foreign visitors, in both Georgia’s hospitality and dining sectors.
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Lion Finance Group (BGEO LN) shares closed at GBP 91.15/share (-1.46% w/w and +4.53% m/m). More than 83k shares traded in the range of GBP 90.85 - 92.60/share. Average daily traded volume was 59k in the last 4 weeks. The volume of BGEO shares traded was at 0.19% of its capitalization.TBC Bank Group (TBCG LN) closed the week at GBP 40.15/share (-0.62% w/w and +0.12% m/m). More than 71k shares changed hands in the range of GBP 40.05 - 40.70/share. Average daily traded volume was 70k in the last 4 weeks. The volume of TBCG shares traded was at 0.13% of its capitalization.Georgia Capital (CGEO LN) shares closed at GBP 30.40/share (+0.66% w/w and +12.80% m/m). More than 72k shares traded in the range of GBP 30.05 - 30.95/share. Average daily traded volume was 44k in the last 4 weeks. The volume of CGEO shares traded was at 0.21% of its capitalization.
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The most satisfied shareholders are the Bank of Georgia Group. ROE for every 100 GEL invested is more than >30 GEL.A return on capital of 20-25% is considered optimal for shareholders. Their satisfaction is reflected in the market, and ultimately in the price of money. Lending rates should also be passed on, although with the recent uncertainty (be it the country's foreign exchange rate or the mood of public groups), risks have increased and the market is also hedging itself.
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Georgian wine imports to the US decreased by 28%
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