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Cronicile

Romanians from abroad sent as much money to Romania as Government attracted from European funds and subsidies

de Alexandra Pele , 5.11.2018

Romanians working abroad sent EUR 2.695 billion to the country in the first eight months of 2018, equalling the European funds and subsidies received in the first seven months.

The amount of EUR 2.695 billion was sent by Romanians working under one-year or longer contracts, according to data published by the National Bank of Romania (BNR).

Out of the money received from the EU in seven months (EUR 2.692 billion), over EUR 1.7 billion are money for which we need to do nothing, namely agricultural subsidies and only EUR 898 million are money obtained from structural funds for cohesion and rural development, according to data from the Ministry of European Funds.

Moreover, between 2007 and July 2018, the money received from the above-mentioned funds totalled EUR 5.931 billion

*

  • Net financial balance at July 31, 2018
  • Amounts received under the multiannual financial framework
  • Name  achieved in 2014         achieved in 2015         achieved in 2016         achieved in 2017         achieved in 2018 (budget implementation at 31.07.2018)          achieved in 2007-2018 (budget implementation at 31.07.2018)

*

Amounts from EU budget

  1. Structural and cohesion funds
  2. Funds for rural development and fishery
  3. European Agricultural Guarantee Fund
  4. Other (post-accession)

Romanians working abroad had sent more (EUR 6.173 billion) only in the first year of the EU membership, 2007.

*

  • Amounts sent by Romanians working abroad (million euro)
  • Year    money remittance from Romanians working abroad
  • 2006
  • 2007
  • 2008
  • 2009
  • 2010
  • 2011
  • 2012
  • 2013
  • 2014
  • 2015
  • 2016
  • 2017
  • Eight months of 2018

*

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