10 minutes agoHere is where Kosovars spend their money from exiles
Periskopi(8 years ago)
(8 years ago)For 25 years, Avdullah Krasniqi had lived in Cyril, Switzerland. But five years earlier, he had chosen to return to the mountain ranges of the Sharr mountain range, with the sole aim of cultivating agricultural products, KTV reports. To get this job started, it first took about 30 thousand euros and a space from [...]
But five years earlier, he had chosen to return to the mountain ranges of the Sharr mountain range, with the sole aim of cultivating agricultural products, KTV reports.
To get this job started, it initially took about 30,000 euros and a space of two and a half acres.
It shows that from experiences in the diaspora, he realized that agriculture is the key to development for the homeland.
However, it shows that there has been no institutional support so far, and numerous barriers are making it difficult.
Even remittances from the diaspora have marked increases of 13.4m -- from 221m to 245m euros -- for the first four months of this year, compared to the previous year.
The Kosovo Central Bank's analysis reveals that money sent from the diaspora goes to investments that do not bring employment.
Much of the money sent by the diaspora comes from Germany, followed by Switzerland, the US, Austria and Italy.
And foreign investment in the past year has seen a 30.8 per cent increase, marking the value of 287.8m euros.
