Remities in Kosovo mostly come from Germany, Switzerland

The Central Bank of the Republic of Kosovo has announced that remittances that are accepted in Kosovo mainly come from Germany and Switzerland, these countries, which send 39.9 per cent of the total remittances, respectively.

A considerable part of the remittances has been accepted by the United States, or 6.5 per cent of the total remittances accepted in Kosovo. The financial account at TM4 2018 mark balance of -149.7m euros (-70.6m euros at TM4 2017)”, the CEC report says.

According to the CEC, obligations, but even assets marked significantly lower levels compared to TM4 2017. The tasks marked the value of 21.3m euros, or 76.9 per cent less compared to TM4 2017, while assets marked the value of -128.4m euros (21.8m euros in TM4 2017).

Under the obligations, the main category is that of FDI, which reached the value of 61.9m euros by marking growth of 46.4 per cent compared to TM4 2017. Under the IHD structure, the capital and investment fund in the shares amounted to 57.8m euros and marked growth of 68.8 per cent, while the debt instruments' FDI marked an estimated 4.1m euros, which is half less compared to TM4 2017.

<x0) IHD was registered in the real estate sector (40.7m euros), but compared to TM4 2017, there was a decline of 9.0 per cent. The second sector of importance was that of financial services where the IHD level was 19.5m euros, or 1.1 per cent more compared to TM4 2017. As for the origin of the FDI, Germany represents the country from which IHD mostly came to TM4 2018 (20.8m euros), followed by Switzerland with 18.8m euros, Albania with 10.7m euros, etc.”, the BQ report said.