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Remittances inflow from Azerbaijan to Georgia increases

Finance Materials 18 December 2020 19:35 (UTC +04:00)
Remittances inflow from Azerbaijan to Georgia increases

BAKU, Azerbaijan, Dec.18

By Tamilla Mammadova – Trend:

Annual remittances from Azerbaijan and Ukraine to Georgia remained the highest in the week of December 7-13, Trend reports via the TBC Capital's weekly economic review.

The document states that annual remittance inflows from Azerbaijan to Georgia showed an increase of 187 percent from 30 November to 6 December.

A total of $5.49 million has been transferred to Georgia from Azerbaijan.

Annual remittance inflows from Russia went down by 20 percent in the same period of time.

Georgia has experienced a decrease in remittances from the Middle East countries, including Turkey.

Overall remittances in Georgia went down by 1 percent on December 7-13 if compared to that of the previous year.

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