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

Anton Zlatanov (L) and Hans Leijtens (R)

The migrant pressure on the Bulgarian-Turkish border descreases

The migrant pressure on the Bulgarian-Turkish border has decreased by 70% compared to last year, said Chief Commissioner Anton Zlatanov, Director of the General Directorate Border Police. Anton Zlatanov met with Frontex’s Executive Director Hans..

published on 8/27/24 5:18 PM

NSSI proposes reforms to secure Bulgaria's pension system

In 2023, there will be 68 pensioners per 100 insured workers in Bulgaria. By 2070, the ratio is expected to be 78 pensioners per 100 insured workers. This information comes from a 2024 report by the National Social Security Institute, which forecasts..

published on 8/27/24 3:55 PM
Atanas Ilkov

Newly appointed Interior Minister promises fair elections

The new caretaker Interior Minister, Atanas Ilkov, has promised that there will be no turmoil in the Interior Ministry. If there are any changes, they will be cosmetic, he said as he took over the ministry from caretaker minister Kalin Stoyanov...

published on 8/27/24 2:51 PM