Bulgarian Emigrants Send USD 1.9 B Back Home to Bulgaria
Mancheva announced that the transfer of money by Bulgarian emigrants back to their homeland amounts to the second most important factor for Bulgaria's economy. The first being the money invested in Bulgaria by foreign investors. This revelation may lead to concerns about the effect of the Global Financial Crisis on Bulgaria's emigrants.
The World Bank figures show that a total of USD 318 B dollars was transferred back to emigrant's countries of origin in 2007 alone. From that figure USD 38,6 was sent to countries in Europe and Central Asia. The two countries at the top of the listing in Europe were Romania with USD 6,8 B and Poland with USD 5 B.
- » Seamstresses from Dupnitsa Protest Because of Unpaid Wages
- » Precipitation to Continue in most of Bulgaria, Maximum Temperatures from -1°C to 4°C
- » 9 People were Injured in a Minibus and Tram Accident in Sofia
- » The People on the Road Between Shipka and Buzludja who were in Trouble are Saved
- » Sixteen People Were Injured in Train Accident in Australia
- » Blagoevgrad Municipality is in a Flu Epidemic
вЂњThis revelation may lead to concerns about the effect of the Global Financial Crisis on Bulgaria's emigrants.вЂќ
This is a misleading statement-- there is little concern in BG about the Bulgarian immigrantвЂ™s welfare.
I believe that should have been put differently--more like:
This revelation may lead to concerns about the effect of the Global Financial Crisis on Bulgaria's economic healthвЂќ or something like that...