Tag: Remittances in Albania

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Bank of Albania: Remittances increased by 8.6% during 2014
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Bank of Albania: Remittances increased by 8.6% during 2014

The report issued by Bank of Albania confirms that remittances grew in 2014 by 8.6 percent (EUR 592 million), compared to 2013. Remittances grew for several factors but mainly due to the Euro Zone countries’ economic growth. The majority of Albanian emigrants live in Greece and Italy, countries whose economies are reviving after a hard...

Bank of Albania: Remittances increased by 2% in the third quarter of 2014
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Bank of Albania: Remittances increased by 2% in the third quarter of 2014

Bank of Albania issued a latest report on the performance of remittances during the third quarter of 2014, by declaring that remittances increased by 2%, compared to the same period of a year before.  Remittances have increased to 156 ml EUR only during the third quarter but for the period of January-September 2014, the amount...

Central Bank: Remittances reached 251 ml EUR in the first semiannual
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Central Bank: Remittances reached 251 ml EUR in the first semiannual

Based on a report of Central Bank, the remittances of the Albanian emigrants reached 251 ml EUR in the first semiannual of 2014, approximately the same amount as the one recorded during the previous year. The remittances have remained at the same level but according to experts, this has come due to a revival of...