The volume of remittances to Georgia increased by 11.9% year-on-year, reaching $298.4 million, while remittances from the country increased by 10.3% to $36.8 million, according to the National Bank of Georgia. The main contribution to the increase in inflows came from the countries of the European Union, where remittances increased by 14.2%, and the USA - by 15.5%. The positive effect from Russia amounted to 3.3%.
The structure of remittances shows that EU countries provide 45.5% of inflows, the USA - 19.4%, and Russia - 12.9%. Among European countries, Italy (16.9%), Germany (9.2%), and Greece (8.3%) are the leaders, the Central Bank notes.
Experts attribute the growth in remittances to increased migration and improved financial activity in the source countries, which helps maintain the stability of the Georgian economy and the level of household income.
Now on home
By 2027, some crews will switch to Mercedes, BMW, Porsche, and Toyota
The project could start in 2-3 months after approval from the authorities
The works are still ongoing, but the subway is back to its normal schedule
This was stated by the head of Bybit
Previously, authorities planned to completely ban imports
They warned about the risks
Bybit is preparing to launch and discussing obtaining a license with the regulator
The new law could radically change the market for water, alcohol and soda
Most investments came from the UK, and investors are actively investing in finance, real estate, and transport
Prime Minister Believes Economic Growth Will Once Again Exceed Official Forecast
Passenger traffic exceeded 8.5 million people