Tag Archives: Remittances

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 …

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 …

For Georgia, Greece represents the second largest sources of remittances, or money sent home by individuals employed abroad. NBG President Giorgi Kadagidze spoke on the recent developments in Greece and its effects on the Georgian economy.  “At this stage, the economic developments in Greece are painful for Georgia from the …

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 …

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, …