Remittance inflows to Georgia increasing

Remittance inflows to Georgia increasing

According to TBC Capital's weekly economic review, remittances to Georgia in the week of 11-17 January remained nearly the same amount.

Remittance inflows from Azerbaijan, Ukraine, and the EU have shown the highest growth. Annual cash inflows from Azerbaijan to Georgia increased by 95% on 1-17 January and 108% in 4-10 January.

The amounts transferred from Russia dropped by 36% on 11-17 January and by 41% on 4-10 January.

Transferred amounts from Armenia to Georgia went up by 1% on January 11-17 and 19% on 4-10 January.

Georgia saw a downward trend from the Middle East countries (including Turkey). On 1-17 January, remittance inflows went down by 3%, while on 4-10 January, they grew by 1% only.

Remittance inflows from the EU states have been stably growing for the last two weeks. 

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