/ world today news/ Bulgarians permanently residing abroad sent their local relatives and friends 603 million. euro in the first nine months of 2012, BNB data show.
This is about 60 million more than for the same period last year. Only in September, native “guest workers” sent around 66.6 million euros to their local counterparts, writes “Telegraph”. At the same time, foreign corporations invested 971 million euros in our country, which is about 260 million euros more than the same period of 2011. The funds invested in real estate amount to about 180 million euros.
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– What factors are contributing to the rise in remittances sent by Bulgarians abroad to their families in Bulgaria?
1. Could you provide some insights into the reasons behind the increased remittances by Bulgarians working abroad to their relatives and friends back home?
2. Do you think the Bulgarian economy has improved recently, considering the uptick in foreign direct investment and real estate purchases by foreign companies and individuals?
3. How significant is the role of remittances in the overall economy of Bulgaria? Are there any potential downsides or drawbacks to relying heavily on remittances as a source of income?
4. Could you comment on the impact of the increasing popularity of online money transfer services on the flow of remittances? Are these services more convenient and cost-effective than traditional methods?
5. As an economist, what are your predictions for future trends in remittances and foreign investment in Bulgaria? Will the country continue to attract more foreign capital, and what measures can be taken to sustain this growth?
