Russia, US, Greece - Georgia’s top donor countries in October
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Georgia is receiving more money from abroad and mostly from three major donor countries – Russia, the United States (US) and Greece.
Last month Russia transferred $34.6 million to Georgia, which was 33.8 percent of all money transfers made to Georgia in October.
Georgia's second largest donor was the US with $11.6 million in money transfers, followed by Greece who transferred $11.3 million.
Overall Georgia received $102.5 million from abroad in October 2016. This was 14 percent more year-on-year (y/y), said the National Bank of Georgia (NBG).
The Bank said the vast majority (91.9 percent) of all money transfers from abroad came from 13 major donors.
After Russia, the US and Greece, Georgia's other big donor countries in October 2016 were:
- Italy - $10.2 million
- Turkey - $8.7 million
- Israel - $5.6 million
- Spain - $2.6 million
- Germany - $2.5 million
- Ukraine - $2 million
- United Kingdom - $1.5 million
- Azerbaijan - $1.2 million
- France - $1.1 million
- Kazakhstan - $1.1 million
Meanwhile last month $17.8 million was transferred out of Georgia. This was higher than the $15.1 million transferred out in October 2015, said NBG.
Russia, US, Greece are top donors in September 2016
Georgia is receiving more money from abroad and mostly from its three major donor countries – Russia, the United States (US) and Greece.
Russia, US, Italy are top donors in August 2016
Russia, the United States (US) and Italy top the 14 big donor countries from where Georgia receives the largest amount of remittances.
Russia, US, Greece are Georgia’s top donors in July 2016
Russia, the United States (US) and Greece top the 13 big donor countries from where Georgia receives the largest amount of remittances.
Georgia is receiving more money from abroad, shows latest figures from the National Bank of Georgia (NBG).
Russia, US, Italy are top donors in November 2016
Georgia is receiving more money from abroad and mostly from three major donor countries – Russia, the United States (US) and Italy.
Georgians living abroad are sending more money to their home country, says the Ministry of Finance.
Russia, the United States (US) and Italy accounted for 57.1 percent of December 2016 remittances to Georgia, making them the three largest suppliers of foreign money transfers.
Giorgi Kvirikashvili and Nikos Kotzias discussed the possibility of introducing ferry traffic between Georgian and Greek ports. They said that Georgia-Greece relations are advancing to a level of strategic partnership.
Georgia received 17.9 percent more in remittances in February of 2017 than the same time period last year. The majority of remittances came from Russia, the United States and Greece.