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Inflow of funds to Georgia up

Finance Materials 23 October 2020 17:00 (UTC +04:00)
Inflow of funds to Georgia up

BAKU, Azerbaijan, October 23

By Tamilla Mammadova – Trend:

The inflow of funds to Georgia for the period from 12 to 18 October increased by 13 percent compared to the same period last year, Trend reports via the TBC Research Group at Georgian TBC Bank.

As reported, capital inflows from Azerbaijan and Ukraine are still showing the strongest growth. In addition, North American inflows have sustained strong growth.

The growth rate of inflow from Russia remains negative and amounted to -13 percent.

Inflow growth rates from the Middle East (including Turkey) became positive again from 12 to 18 October.

Increases in inflows from the EU and the UK have slowed from the previous week, although growth rates remain in double digits.

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