About Civil.ge
Eng | Geo | Rus
Last updated: 10:55 - 1 May.'18
RSS
Mobile
Twitter
Facebook
Remittances Down by 26.7% in Jan-Sept 2015
Civil Georgia, Tbilisi / 18 Oct.'15 / 15:21

Money transfers from abroad to Georgia in the first nine months of 2015 declined by more than 26.7% year-on-year to USD 802.9 million, according to figures released by the National Bank of Georgia on October 15.

There was 32.9% y/y decline in remittances in September after 35.1% and 31.8% drop in August and July, respectively.

Money transfers from Russia, the largest source of remittances for Georgia, were down by 41.7% y/y in January-September 2015 to USD 322.7 million.

Remittances from Greece, which for years was Georgia’s second largest source of remittances up until July 2015, declined by 41.4% y/y to USD 91.39 million in the first nine months of this year.

Money transfers from Italy in January-September 2015 stood at USD 79.9 million (down by 12.9% y/y), followed by the United States – USD 72.9 million; Turkey – USD 53.4 million; Israel – USD 22.9 million; Spain – USD 19.6 million; Germany – USD 19 million.

Remittances were down by 2.45% y/y in 2014 to USD 1.44 billion, accounting for about 8.7% of country’s GDP.

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.
37