
TBILISI, DFWatch–The amount of money sent home by Georgian emigres in December, 2015, was 12.2 percent lower than in the same period the year before.
The total amount of so-called remittances was USD 101.9 million, according to the National Bank.
TBILISI, DFWatch – The number of remittances from Russia to Georgia in August decreased by 45.5 percent compared to last year and amounted to $60 million, although this country is still the leader and accounts for about a fifth of the total volume, according to the release published by the National Bank of Georgia on Friday. … Read more
TBILISI, DFWatch–More than USD 94 million was transferred to Georgia from abroad in January, 2013. This is more than USD 10 million more than the same period in 2012.
The total amount of money transfers in January was USD 94.1 million, which is 11.5 percent
TBILISI, DFWatch – Money transfers from foreign countries to Georgia increased 6.4 percent in April, compared to the same period in 2011.
There was also an increase in money transferred abroad in April, compared to last year, according to Georgia’s National Bank.
Remittances constitute 6% of the country’s gross domestic product (GDP) and outweigh the inflows of both grants and FDIs in Georgia, writes Irina Guruli, program coordinator at the Economic Policy Research Center. International remittances are personal flows of money by migrants to family and friends in their countries of origin. With more than 215 million people … Read more