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

published on 9/9/19 12:38 PM

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.

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