Money transfers from crisis Greece increased by 40%

Commersant.ge

"IliaUni Business Review" has presented the regular survey titled "The Money Transfer Market - 2011'' at the Ilia State University. As the authors say, in 2004 -2011 Georgian remittances market has increased approximately 4.5 times from 300 million USD to 1.4 billion USD.

In 2004-2011 dynamics of transfers, only once, in 2009 decreased by 16% that can be explained by the world global crisis. Maximum of money enrollment was observed in 2011 and made 1.268 billion USD.