For the second quarter of 2021, BCI decreased by 1.7 index points and reached 1.7 after a significant increase in the previous quarter. The highest decline in business confidence is observed in retail trade, followed by the agriculture and construction sectors. The negative change in BCI for Q2 2021 is driven by pessimistic future expectations.

For the first quarter of 2021, BCI increased by 32.1 index points and reached 3.4 after a significant deterioration in the previous quarter. Business confidence improved across all sectors, except retail trade, with the largest increase observed in the construction sector. The positive change in BCI, for Q1 2021, is driven by optimistic future expectations and improved past performance.

For the fourth quarter of 2020, BCI decreased by 18.7 index points and reached -28.6 after a significant improvement in the previous quarter. Business confidence deteriorated across all sectors, except retail trade and financial. The largest decrease is observed in the construction sector. The negative change in BCI, for Q4 2020, is driven by significantly pessimistic future expectations.

For the third quarter of 2020, BCI increased by 17.3 index points and reached -9.9 after a significant deterioration in the previous quarter. Business confidence improved across all sectors, except manufacturing and service. The largest increase is observed in the construction sector. The positive change in BCI, for Q3 2020, is driven by significantly optimistic future expectations.

On 28 May, Georgia announced its fourth anti-crisis plan, in which the government will subsidize 4 percent of the interest rate of mortgage loans for five years. The subsidy will be issued for loans not exceeding 200,000 GEL and will only apply to those taking mortgages for the purchase of residential apartments that are newly built or under construction, from 1 June 2020 to 1 January 2021. The state will also ensure the completion of ongoing construction.