The FINANCIAL -- In August 2009 the volume of money transfers from abroad constituted 75.0 million USD, which is 4.4 million USD or 5.6 percent less than the same amount for the previous month.

The decrease of overall volume of remittances is mainly due to their decrease from Russia by 3.2 million USD or 7.5 percent. The volume of remittances also decreased for Ukraine , Italy and Turkey – 0.3 million USD each or 4.0, 8.3 and 13.0 percent decrease respectively.

"89.4 percent of total money transfers from abroad fall on those eight big donor countries, from which the volume of such transfers exceeded 1 million USD in August. In July the share of these 8 countries constituted 89.1 percent of the total volume of money transfers," NBG reported.

In August 2009 5.6 million USD were transferred from Georgia, while in July 2009 this figure amounted to 7.1 million USD. The volume of money transfers from Georgia decreased for Russia (by 0.5 million USD or 19.0 percent), as well as for Ukraine (by 0.2 million USD or 16.9 percent). 

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