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Tag Archives: Remittances

Georgia Receives $124.4 million in Remittances in September

In September 2017, the volume of money transfers from abroad constituted 124.4 million USD (306.8 million GEL), which is 24.2 percent (24.2 million USD) more than the amount in September 2016. 92.9 percent of the total money transfers from abroad came from 14 largest donor countries, with the volume of …

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Reuters: Georgia’s Economy Slows in H1 From Last Year

Despite the Stabilization of the Lari, Businessmen are not Going to Continue the Suspended Projects

International news agency Reuters publishes article, on behalf of Geostat‘s report and says Georgia’s economy slowed due to plunge in the Russian Ruble. Reuters also mentions declined exports, remittances and lowered country’s growth. Georgia’s economic growth slowed to 2.6 percent in the first half of this year compared with 6 …

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Remittances from Abroad Continue to Trickle

The volume of remittances from abroad to Georgia is reducing from month to month. According to the National Bank, $ 97, 7 million were transferred to the country in May 2015 that is 28.7 million or 22.7% less than in the same period of 2014. Amid a floating exchange rate of …

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Remittances from Abroad Decreased in March 2015

In March 2015, the volume of remittances to Georgia from abroad decreased by 23. 5% compared to March 2014. According to the National Bank, during this period in total $ 92.2 million was transferred to the country, which is 23.5% less than in the corresponding period of last year. Of the total transfers, …

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