Gerjali: Alarming, the decline of remitances by mrgata, the coronary trigger

As a result of the spread of the coronary pandemic, falling remittances from the diaspora will be alarming to the Government of Kosovo in terms of social stability and budgetary projections for the years to come.

For almost every year, more than 1 billion euros have been brought to Kosovo.

So said economic expert Safet Gerjaliu, who calls this crisis vivid -19 pandemic an economic pandemic for 2020 and 2021, which will be disturbing to the country.

The top “Indicator in the past has been remittances. I've always rejected the report that if the remittances in Kosovo have entered every year 700m euros, I've always said these are only numbered by the banking sector. Remititions have almost been the same as a Kosovo government budget. And in this regard, the very fact that all countries have been hit by Coronavirus, many businesses and companies that have worked our license are shut down or economic activity suspended. All of this will reflect on the decline in diaspora support for Kosovo. But their decline or lowering the level of remittances for Kosovo will also be a handful of social stability in Kosovo. It will also be a handful of economic development in Kosovo, above all, the purchasing power will drop. For all of this, there must be an alternative to how to compensate”, Gerjaliu says.

The former head of the Kosovo Economic Ode states that the consequences of this pandemic, which has hit the Mrgrata, the negative effects will also be great for the Kosovo economy.

Now we're only in the fourth month, it's probably going to be longer. The diaspora in the past has played an unconventional role, but in the future I believe that the negative effects of the choreography will be the same and that their contribution will certainly not be as it has been in the past years. Therefore, I believe that institutions will keep in mind that this is a challenging circumstance that should be made in economic imbalances for 2020 and 202118x1>, he says.

The end snorkel points out that Kosovo is also preoccupied with fears and with the consequences of the Coronavirus and with the socioeconomic aspect and, above all, political pressure and a current that is not in the function of stability and the creation of a perspective of trust for the future.