Remittances to Georgia rose by 6.1% year-on-year in April, reaching USD 295.5 million, according to a report released by the National Bank of Georgia (NBG). Outflows from Georgia also saw an increase, climbing 4.9% to USD 31.9 million.

The increase was largely driven by stronger inflows from the European Union, which surged by 13.8% to USD 132.5 million, helping to offset a notable decline in remittances from Russia, which fell 18.9% to USD 39.9 million.

Remittances from the United States also showed robust growth, rising 16.6% compared to the same period last year.

In terms of remittance sources:

• The EU accounted for 44.8% of total inflows,

• The U.S. for 18.3%, and

• Russia for 13.5%.

Among EU countries, Italy remained the top contributor at 17.0%, followed by Germany (8.4%) and Greece (8.3%).

The data reflects a continuing shift in Georgia’s remittance landscape, with growing reliance on Western sources and decreasing dependence on transfers from Russia.