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

Bulgarians working abroad have sent over EUR 1.32 billion to the country in 2023, BNB says

Photo: BGNES

Bulgarians working abroad have sent a record EUR 1.32 billion to their relatives in the country in 2023, official Bulgarian National Bank (BNB) statistics show.

Compared to 2022, that is an increase of 25%. This means the sumtotal of the money invested in domestic consumption by Bulgarians working abroad has exceeded the pre-pandemic EUR 1.2 billion sent in 2019, after which, due to the closure of economies, the money sent to Bulgaria from abroad went down to EUR 400 million in 2020, and to EUR 161.1 million in 2021. The BNB points out that their statistics only cover transfers of over EUR 2,500, and do not register cash payments. According to experts, if cash payments are included that would boost the money sent to the country by 25%, as compared to BNB data.



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

Еstonia releases two euro coins designed by the Bulgaria's Assoc. Prof. Svetlin Balezdrov

The Estonian Central Bank released a collector's coin, the design of which is the work of the Bulgarian designer and teacher at the National Academy of Arts, Prof. Svetlin Balezdrov . The coin with a face value of 8 euros is made of silver, has a..

published on 8/25/24 12:43 PM

Bulgarian Socialist Party will participate in elections in an alliance with 20 parties

Twenty left-wing formations will sign a coalition agreement by the end of next week for general participation in the next parliamentary elections, announced the acting chairman of the BSP, Atanas Zafirov. He explained that his party is in an advanced..

published on 8/25/24 10:51 AM

Bulgarian Parliament glows in blue and yellow on the occasion of Ukraine's Independence Day

On the occasion of the Independence Day of Ukraine, the historical building of the Bulgarian Parliament was illuminated with the colors of the Ukrainian flag. "The celebration of Ukraine's Independence Day is an expression of Bulgaria's solidarity..

published on 8/25/24 10:08 AM