Largest share of remittances come from Russia, Greece and Italy

Russia, Greece and Italy top the 12 big donor countries in terms of volume of money transfers to Georgia.

Despite a reduction in transfers from Russia, this country still remained the leader in terms of remittances, latest figures revealed. 

Last month $37 million USD was transferred from Russia to Georgia, taking up 40.6 percent of all money transfers. Russia was followed by Greece with $13.3 million in money transfers and Italy with $8.2 million in money transfers.

Today the National Bank of Georgia (NBG) published data of money transfers in April 2015, which showed the country experienced 24.4 percent less money transfers last month than the amount in April 2014.

NBG noted the sum of money transfers from abroad constituted $91.1 million (205.7 million GEL), which was $29.4 million (66.4 million GEL) less than the sum of money transfers in the same period of 2014.

Just over 92 percent of the total money transfers from abroad came from 12 big donor countries, with the sum of transfers from these countries each exceeding $1 million in April 2015.

In April 2014 the share of these 12 countries constituted 93.4 percent of the total amount of money transferred to Georgia, noted NBG.

Besides Russia, Greece and Italy, another big donor countries of Georgia in April 2015 were the United States ($8.1 million), Turkey ($5.7 million), Israel ($2.4 million), Spain ($2 million), Germany ($1.9 million), Ukraine ($1.7 million), Azerbaijan ($1.3 million), Kazakhstan ($1.3 million) and the United Kingdom ($1.1 million).

In April 2015, $14.5 million (or 32.8 million GEL) was transferred from Georgia, as compared to $13.2 million (or 23.2 million GEL) in April 2014.

• Figures are in USD.