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Total of 144 Million USD Received and 20 Million Sent in July

In July 2018, the volume of money transfers from abroad constituted 144.2 million USD (352.9 million GEL), which is 19.3 percent (23.3 million USD) more than the amount in July 2017. 92.8 percent of the total money transfers from abroad came from 16 largest donor countries, with the volume of …

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Is It Possible to Receive Money from Real Estate without Selling It?

Apartments, commercial spaces and buildings of various purpose are met everywhere in any city. They are called as a real estate. Nowadays, real estate ownership is of crucial importance. We can sell it very simply and quickly because of much demand. Buildings under construction are met everywhere and they are …

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The Volume of Money Transfers from Abroad Increased by 10.4 %

The Volume of Money Transfers from Abroad Increased by 10.4 %

In July 2016, the volume of money transfers from abroad constituted 100.7 million USD (235.3 million GEL), which is 10.4 percent (9.5 million USD) more than the amount in July 2015. 92.3 percent of the total money transfers from abroad came from 13 largest donor countries, with the volume of …

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Blacks Will take Hundreds of Years to Catch up to White Wealth

Blacks Will take Hundreds of Years to Catch up to White Wealth

The wealth gap between blacks and whites in America will take hundreds of years to close — if ever. If current trends persist, it will take 228 years for black families to accumulate the same amount of wealth as whites, according to a report released this week from the Corporation …

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Money Transfers to Georgia Declined by 4.8 million GEL in May

Money Transfers to Georgia Declined by 4.8 million GEL in May

In May 2016, the volume of money transfers from abroad constituted 92.9 million USD (203.1 million GEL), which is 4.9 percent (4.8 million USD) less than the amount in May 2015. 89.4 percent of the total money transfers from abroad came from 11 largest donor countries, with the volume of …

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“I am Both the Participant and the Observer of My Works”

“I am Both the Participant and the Observer of My Works”

The elusive and unnamed art of a young painter named Irakli Jgenti. What is painting? According to international descriptions, it is simply an application of paint on a canvas or paper using brushes, pens or pencils in order to convey specific stories. The word “painting” covers all imagery created by …

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Money Transfers in Georgia Amounted $88.6m in September

Georgia is experiencing less financial inflow from abroad. The sum of money transfers coming into Georgia in September 2015 was 32.9 percent less year-on-year (y/y), official figures reveal. National Bank of Georgia (NBG) published latest figures about remittances, which revealed the sum of money transfers from abroad constituted $88.6 million …

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The World’s Richest People Just Lost $182 Billion

The stock market rout gripping the world last week and today is bad news for just about anyone who uses money, but when the value of assets collapses, it’s the richest who lose the most. Take, for instance, Facebook founder Mark Zuckerberg, who lost $1.9 billion U.S. in a day’s …

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New devaluation in Kazakhstan?

Kazakhstan’s currency lost more than 20 per cent of its value at the start of trading on Thursday, about an hour after the surprise announcement that the government would allow the currency to float freely. One US dollar now buys 257.7 tenge, taking the Kazakh currency’s year-to-date plunge to nearly …

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Florida Treasure Hunters Find Gold Coins Worth $4.5m

Treasure hunters in the US say they have discovered a haul of Spanish gold coins from the 18th century that are worth $4.5m. The 350 coins have lain on the Atlantic sea bed off the coast of Florida for the past 300 years. The coins are from a fleet of …

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