"Remittances to Georgia from abroad hit $298.1 million in July, with the figure including $128.34 million sent from European Union member countries," - the National Bank of Georgia said.

Transfers from EU states constituted 43.05 percent of the total volume, the body added, increasing by 9.34 percent year-on-year in the past month. Recipients also received 1.8 percent, or $5.4 million, less from senders throughout the world than in July 2023.

Among countries of the bloc, remittances from Italy topped the amounts with $48.88 million (+6.58 percent y/y), followed by Germany with $24.70 million (+18.04 percent) and Greece with $23.21 million (+5.84 percent).

The highest amount of remittances from other countries came from the United States ($50.34mln), Russia ($45.47mln), Israel ($21.69mln) and Kazakhstan ($10.51mln).

Overall, 96.5 percent of the total money transfers from abroad originated in 25 countries, with the volume of transfers from them each exceeding $1 million in July.

Last month, remittances leaving Georgia totaled $33.5 million, compared to $28.6 million in July 2023.