Bulgarians working abroad sent over EUR 420 million to their relatives during the first quarter of 2025. This amount is EUR 66 million higher than in the same period of 2025. The largest sum was sent by the Bulgarian diaspora in the United States, indicate data from the Bulgarian National Bank.
In the first quarter, Bulgarians in the United States transferred EUR 77.6 million. Bulgarians living in Germany transferred EUR 76 million, and those in the United Kingdom transferred EUR 74.2 million. Bulgarians living in Spain sent EUR 40.6 million to their families and relatives during the January-March period.
The money sent by Bulgarians abroad is mostly used for consumption, which boosts VAT revenues in the state budget. Households receiving financial support from abroad tend to spend the money in smaller settlements, which has a positive impact on local businesses, experts told bTV.
Edited by Ivo IvanovPublished and translated by Kostadin Atanasov
Photo: Pixabay
In its “Questions and Answers” section on the introduction of the euro, the Bulgarian National Bank has published a clarification on how the single currency should be denoted and written in accordance with EU regulations. The name of the..
The government approved the draft Law on the 2026 State Budget, as well as the Updated Medium-Term Budget Forecast for the 2026–2028 period. In connection with the introduction of the euro on January 1, 2026, all figures have been prepared in..
Citizens should remain calm about the introduction of the euro in Bulgaria from January 1, 2026, as the Bulgarian National Bank and commercial banks are ready for all processes related to the currency conversion and distribution of euro banknotes. This..
The government approved the draft Law on the 2026 State Budget, as well as the Updated Medium-Term Budget Forecast for the 2026–2028 period. In..
In its “Questions and Answers” section on the introduction of the euro, the Bulgarian National Bank has published a clarification on how the single..
Partly Cloudy
Mostly Cloudy
Fog