OCT. 14 2016 (The Conway Bulletin) — Remittance data from Georgia showed an overall increase of 3.6% for the first nine months of the year compared to the same time in 2014, although cash from Russia continued to fall, media reported. Russia is the biggest source of remittances to Georgia, and the rest of the Central Asia and South Caucasus region. It sent only $282m to Georgia in Jan. – Sept., down 12.3%. Remittances from Greece stood at $93m (up 1%) and from the US at $89m (up 11%). The data is important because is shows that, unlike its South Caucasus and Central Asia neighbours, Georgia is not overly reliant on remittances from Russia.
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(News report from Issue No. 301, published on Oct. 21 2016)