iTV.ge | Weekly update from TBC Capital Chief Economist

The remarkable success of the Georgian national team is an important factor in the country’s popularity and economic growth. It is well known that the contribution of the 12th player (the fans) to this success is invaluable. During the tournament, Georgian residents holding TBC cards increased their spending in Germany by almost 10 times, and their total spending in other countries by almost 2 times.

Taking into account that the ratio of tourist outflows to inflows in Georgia, without taking into account the European Championship, is about 20%, which is a significant figure, considering that the import component of tourist inflows is quite high, about 35-40%, but again, productive investments. Moreover, taking into account this factor, what can be said about the exchange rate of the Lari? – In the near future, such currency outflows will decrease. When exactly – we bet, after July 14 – the final of the European Championship.

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