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Remittance inflows from Azerbaijan to Georgia increase by 227%

Remittance inflows from Azerbaijan to Georgia increase by 227%

According to TBC Capital weekly economic review, annual remittances from Azerbaijan to Georgia grew by 227% on November 24-30 and amounted to an increase of 81% in the week of November 17-23.

According to the document, remittance inflows in Georgia are highest from Azerbaijan and Ukraine. Annual remittances from Armenia have still shown a downward trend, amounting to -22% on November 34-30 and -49% on November 17-23.

Annual remittance inflows from Russia have gone down by 8%.

Georgia experienced an increase in remittances from the Middle East countries, including Turkey, from November 24 to November 30.

Overall remittances in Georgia have grown by 3% in the last week. 

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