Remittance

February witnessed a surge in remittances from Bulgarians residing abroad, reaching a remarkable EUR 110.5 million, marking the highest value since last July.

Bulgarians living abroad set a new record by sending over 4 million euros per day to their homeland in 2023, underscoring their enduring commitment to support family and contribute to Bulgaria's economic well-being. Germany emerges as the leading contributor, followed by the USA and Great Britain.

As the world continues to grapple with the COVID-19 the outbreak, millions in the poorest countries have become more vulnerable to the economic downturn and food insecurity, U.N. experts warn.

The coronavirus pandemic could push as many as 60 million people into extreme poverty, the World Bank said on Tuesday.

National Bank of Moldova statistics on the first quarter of 2019, published on Tuesday, show that Israel has overtaken Russia as the leading source of financial remittances from Moldovans working abroad.

It is for the first time in the last two decades when Russia has not held the first place as the source of remittances from emigrant Moldovans.

European Bank for Reconstruction and Development (EBRD) President Suma Chakrabarti told RTS that migration of skilled workers has a negative effect on productivity, and that negative growth effects can also lead to the departure of low-skilled labor.

This is 17.5 percent more y-o-y, Tanjug reported on Tuesday, citing the National Bank of Serbia (NBS).

According to preliminary figures from the central bank, the transfers amounted to 3,173 million euros in the first 11 months of 2018.

A Hellenic Post employee in Halkidiki, northern Greece has been charged with forgery and embezzling 300,000 euros from two branches in the 2012-14 period.

The suspect embezzled funds, pensions and remittances while he was working at the post office branches in Kallikrateia and Kassandreia.

He was expected to appear before an investigative magistrate on July 4.

Moldovans who leave their country to work abroad have been choosing the European Union over Russia, indicated by the fact that remittances sent home are increasingly in euros and dollars rather than in Russian rubles, official statistics showed on Monday.

Kosovars working and living abroad sent home 56.7 million euros in cash during January 2016, according to the Central Bank, much the same as in January 2015, when the figure was 57 million euros - but well up on the figure for January 2014, when the figure was 42 million.