a few seconds agoAbout 40m euros of remittances per year Kosovo gives to EU
Periskopi(7 years ago)
(7 years ago)Kosovo not only accepts money in the form of remittances from the diaspora, but millions of euros are sent from the Republic of Kosovo to various European Union countries. According to official Kosovo Central Bank data (BQK), in the first five months of this year alone, around 13m euros has been the value of exit remittances, [...]
According to official Kosovo Central Bank data (BQK), in the first five months of this year alone, around 13m euros has been the value of exit remittances, while during the past year 39m euros has been the value of money sent by foreign workers living temporarily in Kosovo.
Experts on financial issues claim that the largest value of remittances from Kosovo is to workers of foreign missions in Kosovo and students from Kosovo studying in different EU countries, which family members finance necessary obligations.
Majdi Bektash, an expert on financial issues, in a proposal for Radio Free Europe, says the value of exit remittances has decreased due to the reduction of the number of internationals in Kosovo.
“This can be reasoned primarily because of the great international presence, I'm talking about those who have positions in the Republic of Kosovo, such as different financial institutions, starting with the World Bank office, the International Monetary Fund, then EULEX, UNMIK and many international organisations and businesses operating in Kosovo. And a considerable portion make up the Kosovo students who study in European Union countries. With the number of students increasing, it is certain that remittances will also increase from Kosovo in future periods, while for international presence we have reduced exit remittances”, Bektas says.
Kosovo Central Bank officials also say that the out-of-the-art <x0-repries are mainly linked to European Union countries, because most of those who send money abroad are foreign-born Kosovo residents (mostly EULEX and UNMIK workers). According to international statistical standards, foreigners working in Kosovo under contract for one year and more are residents of Kosovo”, reportedly in a response to Radio Europe Free from BEC officials.
An international worker working for a foreign organisation told Radio Europe free of charge that staff salaries range from 5,000 to 8 thousand euros, depending on the position as well as the organisation.
But, Majid Bektashi, says international workers operating in Kosovo are paid from the upcoming state budget, not the budget of the Republic of Kosovo.
