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

Bulgaria reports significant decrease in the amount of money sent by Bulgarians abroad

Photo: Ani Petrova, BNR

The amount of money sent by Bulgarians abroad to their home country has decreased significantly. According to data of the Bulgarian National Bank, in the first two months of 2021 Bulgarians abroad sent only EUR 24.8 million to Bulgaria. In the same period last year, the money sent by Bulgarians abroad was 8 times higher and amounted to EUR 198.2 million. Before the Covid-19 pandemic, Bulgarians abroad used to send between EUR 80 million and EUR 100 million a month to their families in Bulgaria.

The negative trend began in the spring of 2020. In 2020, Bulgarians abroad transferred a total of EUR 358.9 million to their home country, while in 2019, they sent a record-high amount of money to Bulgaria-EUR 1.2 billion.




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

GERB: There will be no second “assemblage” with PP-DB

The leader of GERB, Boyko Borissov, announced that a second "assemblage" with "We Continue the Change - Democratic Bulgaria" after the elections cannot exist.  In response to a journalist's question regarding an accusation made by..

published on 4/24/24 3:43 PM

61% of Bulgarian parents support mandatory vaccines

61% of parents in Bulgaria support mandatory vaccines and 95% of general practitioners advise parents to vaccinate their children, in order to protect them from a number of diseases. This is shown by a nationally representative..

published on 4/24/24 2:19 PM

New council to coordinate policies for Bulgarians abroad

A Council for Coordination of Policies for Bulgarians Abroad is being established. This will be a permanent advisory body to the Council of Ministers, the parliament decided during the second reading of changes to the Law on Bulgarians..

published on 4/24/24 1:28 PM