Feedback

Labor migrants to transfer $12,2 billion to Ukraine in 2019, - National Bank

According to the NBU, the volume of the money transfer from Poland increases for the fourth year in the row, from $1,4 up to $3,6 billion
14:34, 8 February 2019

Open source

The National Bank of Ukraine (NBU) predicts the further increase of the volume of the money transfer from the labor migrants. The Ukrainians transferred $11,6 billion from abroad in 2018 and this sum can increase up to $12,2 billion in 2019 as Head of NBU Council Bohdan Danylyshyn reported on Facebook.

“Money transfer is a more significant source of the foreign-exchange earnings to Ukraine. According to the World Bank, its volume stably surpasses 10% of the GDP since 2016,” he noted.

Related: Ukraine's National Bank predicts decrease of labor migration to Poland in 2019

According to the NBU, the volume of the money transfer from Poland increases for the fourth year in the row, from $1,4 up to $3,6 billion. The significant decrease of the incomes from Russia took place in recent years, from $1,7 billion up to $1,1. Besides, the incomes from the U.S. has increased, from $0,5 up to $0,8 billion as well as from the Czech Republic, from $0,3 up to $0,8 billion. The growth of the money transfer from Italy, the UK, Germany, Cyprus, Israel and other states takes place.

Despite the increase of the foreign-exchange earnings to Ukraine, the banker warns:

“The strong external migration, including of high-quality workers, along with the ageing population is the significant challenge for the states, considering the need to sustain a competitive economy. For example, “brain drain”, particularly, means the loss of the state resources invested in their education; narrowing of the industry, deterioration of the business environment.”

Related: Number of Ukrainian labor migrants in Poland decreases, - Rzeczpospolita

Earlier we reported that the Ukrainian population may reduce by 18% by 2050 and reach number mark of 36 million people due to the labor migration.

Besides, Israeli Ambassador to Ukraine Joel Lion stated that 10% of the Ukrainian tourists, who come to Israel, are the illegal migrants.

 

 

 

 

 

 

Topics:
Система Orphus

If you find an error, highlight the desired text and press Ctrl + Enter, to tell about it

Comments
see more