Tag: Remittances in Albania

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Albania 10th in Europe for Remittance Inflows in 2018
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Albania 10th in Europe for Remittance Inflows in 2018

TIRANA, November 12 Albania was the 10th largest remittance-receiving country in Europe in with migrant workers from the country sending home Euro 926 million in 2018, according to Eurostat. In 2018, flows of money sent by residents and non-residents of the European Union (EU non-EU countries, referred to as personal transfers, amounted to €35.6 billion....

Remittances Increased During Q2, 2019
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Remittances Increased During Q2, 2019

TIRANA, 11 September The contribution of emigration in the Albanian economy is increasing even during this year. According to Bank of Albania, during the Q2 of 2019, the remittances reached a value of €186 million, an increase of €4 million compared to a year ago. In the second half of this year, the value of...

World Bank: Remittances in Albania Were 9.6% of GDP
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World Bank: Remittances in Albania Were 9.6% of GDP

TIRANA, July 12 The remittances sent from immigrants are a crucial part of many economies all over the world. Based on the report from the World Bank (WB), published on April 8, 2019, the remittances sent to low and middle-income countries reached a record of €469 billion in 2018, an increase of 9.6% compared to...

Emigrants brought EUR 128 ml in Albania during Q1
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Emigrants brought EUR 128 ml in Albania during Q1

Tirana, Albania 13 June 2016 During the first quarter of this year, remittances reached the amount of EUR 128 million, says the Bank of Albania. In a latest report, the Bank stresses that remittances decreased by 10% during the first quarter of 2016, compared to the same period in 2015. The decrease of remittances has...

Remittances dropped, foreign investment increased
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Remittances dropped, foreign investment increased

Tirana, Albania 16 May 2016 Statistics published by the Bank of Albania show that remittances decreased by 10.5% during the fourth quarter of 2015. According to the Bank, Albanian emigrants sent EUR 17.1 million less compared to the same period in 2014. Remittances were estimated at EUR 153.9 million during the fourth quarter of 2015....

Remittances increased by 4.3%
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Remittances increased by 4.3%

 Tirana, December 11, 2015 According to a latest report published by Bank of Albania, remittances have increased during 2015. In the period of January – September 2015, remittances reached the amount of EUR 439 million, increasing by 4.3% in annual terms. Remittances decreased significantly after the economic crisis touched several European Union countries in 2008,...

Remittances increased by 17% in the second quarter
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Remittances increased by 17% in the second quarter

According to the Bank of Albania, remittances increased by 17% in the second quarter of 2015, compared to the same period of a year ago. Remittances reached the amount of EUR 162 million during this period while during January-June 2015 remittances were estimated to be EUR 304 million, 19% more than the first semiannual of...

Remittances sent to Albania from Italy, 30% of the total
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Remittances sent to Albania from Italy, 30% of the total

A report published by the International Fund for Agricultural Development (IFAD) about remittances and their distribution throughout the world shows that emigrants that work in the European continent have sent about $109.4 bln to their homelands during 2014. According to the study, the remittances helped about 150 millions of people throughout the world, given that...