Governor Mehmeti: Lack of exiles to be shock to economy

Kosovo Central Bank Governor Fehmi Mehmeti has said that we will be hit by the pandemic as a result of not coming to our countrymen, where they spend over a billion within a year.

However, he hopes that the time of pandemic will pass, and our fellow countrymen will be able to come to Kosovo and contribute to their family and country.

Mehmeti has said the insurance sector is mostly infected by the pandemic, which consists mainly of non-life insurance.

There's a drastic decline in vehicle registration, and on the other hand, it continues paying companies for damages in accidents that total millions of euros. So I appeal to everyone to register their own” vehicles, he said.

According to him, remittances from fellow countrymen on official roads during 20019 were 887 million. Euro.

In addition to border revenues, remittances during the time of the pandemic are almost the same until now, said the Dukeagjini Radio. Mehmeti said remittances are largely dedicated to food but does not imply that they are not well-oriented in economic development.