Remittances to Georgia increased 14.8 percent y/y in June
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More than $135 million was sent to Georgia from abroad during June of this year which is a 14.8 percent increase in remittances y/y.
As seen in the National Bank of Georgia data, most of the remittances to Georgia come from Russia: 29 percent of total remittances or $39 million.
Italy comes in second with $15.6 million and US third with $14.2 million.
On the other hand, 17.9 million dollars have been sent from Georgia to foreign countries during the past month.
Remittances to Georgia in June, 2018:
- Russia - 39.2 mln USD (29%)
- Italy - 15.6 mln USD (11.5%)
- US - 14.2 mln USD (10.5%)
- Greece - 13.9 mln USD (10.3%)
- Israel - 13.3 mln USD (9.8%)
- Turkey – 9.7 mln USD (7.2%)
- Germany – 3.6 mln USD (2.7%)
- Spain – 3.5 mln USD (2.6%)
Russia, Greece and Italy are the largest remittance senders in April 2018, says the National Bank of Georgia (NBG). Last month Georgia received $35.3 million in remittances from Russia, $14.5 million from Italy and $14.9 million from Greece.
Russia, Italy and Greece are the largest remittance senders in March 2018, says the National Bank of Georgia (NBG). Last month Georgia received $38.1 million in remittances from Russia, $15.5 million from Italy and $13.7 million from Greece.
Georgia received $113.9 million from abroad in February 2018, while remittances leaving Georgia totalled $18 million, says the National Bank of Georgia.
Georgia received $110 million from abroad in January 2018, while remittances leaving Georgia totalled $15 million, says the National Bank of Georgia.
Italian President Sergio Mattarella arrived in Georgia today on his first official visit to the country.
President of Italy Sergio Mattarella, who started his first official visit to georgia yesterday, assessed Georgia as a ‘trustful and faithful’ partner of his country while speaking at a joint briefing with Georgian President Giorgi Margvelashvili last night."
The Georgian Prime Minister Mamuka Bakhtadze has initiated consultations on an agreement which concerns the protection and support of investments between Georgia and Italy. He said that Georgia has already signed such a document with 34 foreign countries.