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

Bulgarians abroad have transferred 624 million euro into the country over first six months of year

Bulgarian National Bank building
Photo: Annie Petrova

According to Bulgarian National Bank data, 624 million euro has been transferred to Bulgaria from Bulgarians living and working abroad in the period from the beginning of the year until 30 June, 2019. 
The biggest sums have been transferred from Germany, USA and Spain. In some households the money transfers from abroad are for no less than 1,200 euro a year. Economists say that after returning to this country, the Bulgarians who have worked abroad continue to pump money into the national economy. The money coming in from abroad is also important to Bulgarian manufacturers because they use it to buy commodities on the local market and that boosts company revenues. 


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

There is no direct threat to Bulgaria from the escalation of tension in the Middle East

At the moment, there is no direct threat to our country stemming from the sharp deterioration of the security environment in the Middle East, President Rumen Radev announced after the three-hour meeting of the Consultative Council on..

published on 10/4/24 2:26 PM
Caretaker Defence Minister Atanas Zapryanov

Bulgaria must be prepared for all scenarios in the Middle East: Defence Minister Atanas Zapryanov

We must be prepared for the worst-case scenario because the situation is escalating after Iran’s direct attack against Israel, said caretaker Minister of Defence Atanas Zapryanov for public service TV BNT. “We have response steps which is the next..

published on 10/4/24 10:51 AM

Rose oil production up by 10% in 2024

10,335 tons of roses have been produced in Bulgaria in 2024, almost 1,000 tons more than last year, the Consultative Council on Oil Bearing Roses says. There are almost 3,000 rose producers registered in the country, and 53 rose oil distilleries..

published on 10/4/24 9:59 AM