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

Temperatures to go down, precipitation expected

On Tuesday, the weather in Bulgaria will be cloudy, in many places in Western and Central Bulgaria with rain showers. Rainfall will be significant in quantity in Western Bulgaria and the Rhodopes. Thunderstorms are also expected. In Eastern Bulgaria,..

published on 9/9/24 7:35 PM
Dzhevdet Chakarov

DPS party with leader Ahmed Dogan submits documents for independent participation in the elections

After the Central Electoral Commission refused the registration of the two factions of the Movement for Rights and Freedoms party (DPS) with coalitions of DPS, the leader Ahmed Dogan and chairman Jevdet Chakarov submitted documents for independent..

published on 9/9/24 2:53 PM

Central Electoral Commission refuses to register both fractions of MRF

The Central Election Commission has refused to register the coalition "Democracy, Rights and Freedoms - MRF" and "MRF - New Beginning" for participation in the upcoming early parliamentary elections on October 27, BTA reported.  The reason is..

published on 9/9/24 12:36 PM