Millions of exiles sent out this year

Despite the economic crisis caused by Pandemia Covid-19, remittances in 2020 marked an increase of 120 million more than in 2019.

University Professor Muhamet Sadiku claims that the bonding of fellow countrymen with Kosovo has always been powerful and has continued a trend of large remittances, which are nearly half the size of Kosovo's budget, respectively, about 13 percent of Bruto Product.

Even against problems that the pandemic has brought about, however, the diaspora connection with Kosovo has always been powerful and a trend of large remittances, which are about 40 percent of Kosovo's budget, respectively, about 13 percent of Bruto Production in the country. Remititions have shown a safe and long-term source of Kosovo's economic development despite 90 per cent of remittances go to the coverage of household consumption in Kosovo. This is a structure built by high unemployment rates and high poverty rates, so Kosovo families until the social situation exists. diaspora money at a small percentage is oriented into investments for job opening”, Sadiku stressed.

He added that a large part of this money goes to the coverage of large import, as Kosovo has 2.4 billion euros annually in import.

According to various studies, for orientation of investment remittances, Kosovo must build a favourable business environment for foreign investors and diaspora.

While BQC spokesman Kufja Ahmeti says in a written response to Kosova Prees that over the months, January-March remittances have reached 243m euros.

The total remits value for the first quarter of this year (janar-mars 2021), was 242.9m euros, which is higher for 55.6 million than last year's same period, where the remission value was 187.3m euros”, Ahmeti says.

Meanwhile, we remember that at the recent executive meeting led by Prime Minister Kurti, a decision has been made to cover border police expenses worth up to 6m euros for fellow countrymen.