Romanians Working Abroad Are The Largest Investors In The Country's Economy
Date
7/17/2024 3:11:36 PM
(MENAFN- AzerNews)
By Alimat Aliyeva
Romanians working abroad are the largest investors in the
country's economy, Azernews reports.
This is stated in a new study by the National bank of Romania,
according to which in 2023, money transfers sent by the diaspora
reached a record 6.5 billion euros. This amount, equivalent to 2
percent of Romania's GDP, slightly exceeds the total value of
foreign direct investment.
Money transfers sent by the diaspora have become a constant
source of foreign currency, helping to maintain the leu (national
currency) and cover the current account deficit.
The UK remains in first place in the top countries of origin of
money transfers to Romania with 1.5 billion euros. Germany took
second place with 1.4 billion euros, followed by Italy and
Spain.
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