Remittances from Russia almost halved in August: NBG

By | September 15th, 2023|Categories: Economy, In brief|Tags: , |

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. In [...]

Remittances to Georgia down 12% in December

By | January 19th, 2016|Categories: In brief|Tags: |

(National Bank of Georgia.) 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. […]

Remittances in September down 33%

By | October 17th, 2015|Categories: Economy|Tags: |

(Interpressnews.) TBILISI, DFWatch–Remittances to Georgia in September went down 32.9 percent compared to last year, according to the latest monthly report by the National Bank. Remittances, or money that individuals send home to relatives from particularly Russia and Europe, […]

Remittances to Georgia down 35% in August

By | September 15th, 2015|Categories: In brief|Tags: |

(Interpressnews.) TBILISI, DFWatch–Remittances to Georgia fell by 35.1 percent in August 2015, compared to the same period last year, according to new figures published Tuesday by Georgia’s National Bank. The new monthly report shows that the total amount of remittances […]

Georgia saw 32% drop in remittances in July

By | August 14th, 2015|Categories: In brief|Tags: |

(Interpressnews.) TBILISI, DFWatch–Remittances to Georgia in July went down by 31.8 percent compared to last year, according to the latest monthly report by National Bank of Georgia (NBG). In total, USD 93.4 million was sent to Georgia in July, 2015. Money transfers […]

Economy minister sees no threat to flow of remittances from Greece

By | July 6th, 2015|Categories: Economy|Tags: , |

Giorgi Kvirikashvili. (Interpressnews.) TBILISI, DFWatch–Georgia’s Economy Minister Giorgi Kvirikashvili said Sunday that a week of halted money transfers will not hamper the flow of money sent home by Georgian migrants in Greece. Banks in Greece shut down last week after the Tsipras government’s […]

Thousands of Georgians despair as Greece halts money transfers

By | June 30th, 2015|Categories: News, Society|Tags: , |

(Interpressnews.) TBILISI, DFWatch–The crisis in Greece has also hit hard for as many as 200,000 Georgians who are living and working in the country, and their families back home in Georgia. Money transfers are currently halted, as well as trailer transport. The crisis in Greece […]

More money flowing into Georgia

By | February 18th, 2013|Categories: Economy, News|Tags: |

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 […]

More money is transferred in and out of Georgia

By | May 17th, 2012|Categories: In brief, News|Tags: |

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. […]

The role of remittances in Georgian economy

By | January 11th, 2012|Categories: Opinion|Tags: |

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 living [...]