Thursday, 23 September 2010

Bulgaria Benefits from Emigrants' Remittances More Than from EU Funds

The economic crisis has not triggered a mass return of Bulgarian emigrants to their homeland, according to a study conducted by the "Open Society" Institute presented Tuesday.

The monetary remittances made by emigrants have not decreased significantly either – in 2009, money transfers from Bulgarians living abroad amounted to EUR 1.2 B with a reduction of 15%, which is much smaller than the decrease in foreign investments. Read more

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