poiuytrewq0987
07-18-2012, 02:12 PM
Macedonians working abroad sent a record 1.3 billion euros back home last year, at least six times more than the country attracted in foreign investment.
Private money transfers from Macedonians working abroad reached 1.366 billion euros in 2010, latest data from the Central Bank show.
This is some 230 million euros more than in 2009 and 380 million euros more than in 2008.
By comparison, Macedonia attracted only 222 million euros in Foreign Direct Investment, FDI, in 2010.
Most money comes from Macedonian communities in Australia, Canada, Switzerland and Italy, the data show. Macedonians employed in Afghanistan and Dubai are also contributing significantly to the total sum.
Local economic experts say the value of private money transfers is probably larger than data suggest, as some is sent in cash form and not registered by the authorities.
http://www.balkaninsight.com/en/article/money-from-the-diaspora-overshadow-macedonia-s-fdi
Private money transfers from Macedonians working abroad reached 1.366 billion euros in 2010, latest data from the Central Bank show.
This is some 230 million euros more than in 2009 and 380 million euros more than in 2008.
By comparison, Macedonia attracted only 222 million euros in Foreign Direct Investment, FDI, in 2010.
Most money comes from Macedonian communities in Australia, Canada, Switzerland and Italy, the data show. Macedonians employed in Afghanistan and Dubai are also contributing significantly to the total sum.
Local economic experts say the value of private money transfers is probably larger than data suggest, as some is sent in cash form and not registered by the authorities.
http://www.balkaninsight.com/en/article/money-from-the-diaspora-overshadow-macedonia-s-fdi