About Civil.ge
Eng | Geo | Rus
Last updated: 10:55 - 1 May.'18
RSS
Mobile
Twitter
Facebook
Remittances Down by 2.4% in 2014
Civil Georgia, Tbilisi / 22 Jan.'15 / 14:41

Money transferred from abroad to Georgia in 2014 declined by 2.45% year-on-year to USD 1.44 billion, accounting for about 8.7% of country’s GDP.

Decline was caused by falling transfers from Russia, which is the largest source of remittances for Georgia, according to figures released by the Georgian central bank.

Remittances from Russia fell by 11.5% y/y to USD 709.23 million, accounting for 49.2% of total money transfers from abraod to Georgia in 2014.

There was also a decline in remittances from Ukraine last year, but money transfers from other main sources of remittances were up.

Money transferred from Greece, the second largest source of remittances for Georgia, increased 3.4% y/y to USD 204.78 million; followed by Italy – USD 121.4 million (10.2% y/y increase); the United States – USD 82 million (9.6% y/y increase); Turkey – USD 64.3 million (54.1% y/y increase); Ukraine – USD 30.8 million (32.4% y/y decline); Spain – USD 28 million; Germany – USD 24.2 million; Israel – USD 23.6 million; Azerbaijan – USD 17.78 million.

Latest News
01 May.'18 10:55
We Have Moved to a New Platform
Direct Your Bookmarks to https://civil.ge.
29 Apr.'18 03:54
Ruling Party Candidate Wins MP By-Elections
Givi Chichinadze will represent Vani and Khoni single-mandate constituency in the Parliament of Georgia.
28 Apr.'18 09:40
Polls Open for Vani and Khoni MP By-Elections
48,123 voters are eligible to cast their ballots in Vani and Khoni single-mandate constituency.
27 Apr.'18 17:23
State Dept’s Europe Affairs Point Man to Visit Tbilisi
Wess Mitchell will meet senior government officials and address the NATO-Georgia Public Diplomacy Forum.
27 Apr.'18 13:45
In Quotes: Georgian Politicians on Ex-PM Bidzina Ivanishvili’s Comeback
Bidzina Ivanishvili will be approved as the Georgian Dream party chairman at the upcoming convention.
26 Apr.'18 18:15
SG Jens Stoltenberg: Georgia NATO’s ‘Very Close’ Partner
The NATO Secretary General says Foreign Ministers meeting tomorrow will recognize the country’s progress.
26 Apr.'18 14:24
Ex-PM Ivanishvili to Chair Georgian Dream Party
Prime Minister Giorgi Kvirikashvili said Ivanishvili was ‘best equipped’ to add new dynamism to the party.
26 Apr.'18 11:12
Lawmaker Proposes Criminal Liability for ‘Insult of Religious Feelings’
The parliamentary human rights committee decided to set up a working group for scrutinizing the draft law.
25 Apr.'18 17:21
New Abkhaz Government Head Appointed
Gennady Gagulia has served as the Abkhaz “prime minister” twice - in 1995-1997, and 2002-2003.
25 Apr.'18 14:43
Watchdog Improves Georgia’s Press Freedom Ranking
None of the countries of the former Soviet Union (except the Baltics) are ranked ahead of Georgia.

About Civil Georgia
Civil.Ge © 2001-2025, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
29