News » April, 2011 » 27 April 2011
MoneyGram: 70% of remittances come from Italy and Spain
27.04.2011, 23:50 | Finance-Banks | 984 views
Romanians working abroad in 2010 sent over 4.5bn dollars (3.4bn euros) back home, slightly down, however, from 4.9bn dollars (3.5bn euros) in the previous year, according to the calculations presented by MoneyGram, one of the main players in money transfer business globally, on the basis of World Bank data. "The decline in sums sent to Romania slowed down in 2010. Remittances from the United Kingdom, Spain and Italy have started picking up," says Radu Pojoga, a manager with MoneyGram in charge with the development of Romanian and Bulgarian operations. 2009 had marked a steep drop in funds, to almost half the 9.3bn dollar peak hit in 2008. According to Money data, the main channels through which money is flowing in Romania are from Italy (with 36% of sums), Spain (34%) and UK (14%). Read more on ZF.ro
|
Latest news in category Finance-Banks
NBR governor Mugur Isărescu apparently ignores the fact that banks are refusing to negotiate with their customers and insists, after the passing of the law of giving in payment, that the parties of the loan agreement should negotiate: "Negotiation is the basis of the functioning of the market economy, in the European Union, because that is where we are living. Romania was and has been a loyal partner to the European project and we should not forget that". read more...
The European Central Bank (ECB) pursues its mandate and defends its independence, according to statements of the president of the institution, Mario Draghi, who responded yesterday, to some criticisms coming from several German officials concerning the lax monetary policy of the ECB. read more...
The British pound yesterday saw the biggest decline against the dollar since March 2009, after London mayor Boris Johnson, one of the most popular politicians in the country, said he would start a campaign in favor of the United Kingdom leaving the European Union (Brexit) in the referendum scheduled in June. read more...
|
|
