Georgia takes nearly $125 million in transfers in December

Business Materials 17 January 2012 12:21 (UTC +04:00)

Georgia, Tbilisi, Jan.17 / Trend, N. Kirtskhalia /

In December 2011 Georgia received $124.9 million as money transfers. According to the National Bank of Georgia, it is $16.3 million more (i.e.15.1 per cent) than the same period in 2010.

Most of the money traditionally, was received from Russia - $68 million. Greece transferred $11 million, Italy - $9 million, Ukraine - $8 million and the U.S. - $7 million

In December Georgia transferred $9.2 million abroad. During the same period in 2010, the country transferred $12 million.

According to experts, foreign money transfers hit make up six per cent of Georgia's GDP, adding that this is a normal indicator for such a country.