22 March 2021
COVID and the City – A Spatial Fracture in Georgia?
ISET-PI's Executive Director Lasha Labadze was invited by TV1 to speak about remittances, how its defined, who are the top remitting countries, and how remittances are used in Georgia and what is the role of remittances in Georgia’s economy. In general, high remittances makes local currency stronger, decreases poverty, but it also signals the high unemployment and weak economy in the country. In 2015 Georgia received significantly lower remittances, but in the first 6 month of 2016 it stayed at the same level compared to the same period of previous year. Watch the video from TV 1 to learn more.