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Romanians abroad are sending as much money back home as FDIs

August 1, 2024

In 2023, Romanians in the diaspora sent EUR 6.5 billion back home, EUR 350 million more than in 2022. In comparison, foreign direct investments fell sharply, from over EUR 11 billion in 2022 to only EUR 6.6 billion, according to the National Bank of Romania (BNR). 

As such, Romanians abroad remain one of the cornerstones of the Romanian economy, equating FDIs through their remittances. Overall, the diaspora sent home more than double compared to a decade ago. The value of personal remittances...

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/romanians-abroad-money-back-home-aug-2024
Read in full - click here
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