Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bank remittances by Bulgarians abroad to relatives in Bulgaria decrease

Photo: Archive

The money sent by the Bulgarian diaspora abroad to relatives in Bulgaria is decreasing. In March 2022, Bulgarians abroad sent only 14.9 million euros, according to the Bulgarian National Bank. The amount is almost equal to that of March 2021. But it is more than 7 times less than the funds received from abroad in March 2019, before the Covid pandemic.

For the first quarter of 2022, the funds received from the diaspora amounted to 39.7 million euros. This is 260 million euros less than in the same period of 2019. Most money comes from Germany, the United States, Spain and Greece.

According to the World Bank, remittances from other countries in Southeast Europe to relatives after the pandemic are not only not decreasing, but even increasing.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Sunny Wednesday with temperatures reaching up to 15°C

Wednesday will be mostly sunny. There will be weak to moderate west-northwesterly wind. The lowest temperatures are expected to be between minus 3° and 2°C; in Sofia - around minus 1°C. The highest temperature will reach 10°C to 15°C;..

published on 11/26/24 6:50 PM

The decision for the full membership of Bulgaria and Romania in Schengen has been drafted

According to unofficial information, the Hungarian Presidency of the Council of the EU has drafted a decision for the full admission of Bulgaria and Romania to the Schengen Area. The draft document states that from January 1, 2025, checks on persons..

published on 11/26/24 6:17 PM

The Constitutional Court admits all five requests for the annulment of the Parliamentary elections

The Constitutional Court has admitted all five requests for the partial or complete annulment of the elections for the 51st National Assembly, submitted by We Continue the Change-Democratic Bulgaria (PP-DB), Vazrazhdane, There is Such a People (ITN),..

published on 11/26/24 5:46 PM