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Money transfers to Georgia hit $84 million in January

Business Materials 17 February 2012 16:48 (UTC +04:00)

Georgia, Tbilisi, February 17/ Trend N. Kirtzkhalia

In January 2012 Georgia received $84.4 million as money transfers or 10 million (13.4 percent) more than in 2011, the National Bank of Georgia said.

The main share of the transfers - more than $1 million - has fallen to 8 major country-donors of Georgia.

Most of the money was received from Russia - $41.7 million. Greece transferred $11.4 million, Italy - $8.2 million, Ukraine - $3.2 million and the U.S. - $5.5 million

In January Georgia transferred $6.8 million abroad. That is $2.4 million less than the same period of 2011.

In 2011 foreign money transfers made up 6 per cent of Georgia's GDP.

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