{"id":76375,"date":"2025-08-25T07:05:23","date_gmt":"2025-08-25T07:05:23","guid":{"rendered":"https:\/\/kosovapress.com\/eng\/admin\/?p=76375"},"modified":"2025-08-30T10:37:15","modified_gmt":"2025-08-30T10:37:15","slug":"diaspora-sent-over-651-million-euros-to-kosovo-within-six-months","status":"publish","type":"post","link":"https:\/\/kosovapress.com\/eng\/admin\/diaspora-sent-over-651-million-euros-to-kosovo-within-six-months\/","title":{"rendered":"Diaspora sent over 651 million euros to Kosovo within six months"},"content":{"rendered":"\n<h2>Over 651 million euros were sent by the diaspora to Kosovo during the period January\u2013June of this year. This value is more than 21 million euros higher compared to the same period last year.<\/h2>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Diaspora sent over 651 million euros to Kosovo within six months\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/cEFcGSCKfEo?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Economy experts assess that the increase in remittances to our country comes as a result of rising inflation, and consequently high prices, which worsen the economic situation of families in Kosovo, KosovaPress reports.<\/p>\n\n\n\n<p>They say that the growth of remittances is not a good indicator for the country\u2019s economy.<\/p>\n\n\n\n<p>Economic affairs expert Safet G\u00ebrxhaliu considers diaspora remittances vital for Kosovo\u2019s economic and social stability. He stresses that the main problem is that this money is spent mostly on consumption, purchasing goods and services, and not on productive investments.<\/p>\n\n\n\n<p>According to him, the increase in remittances in the first six months of this year, compared to 2024, should not be seen only as a positive sign, but rather as a consequence of several factors such as rising inflation in Kosovo and Europe, and the growing need for social assistance.<\/p>\n\n\n\n<p>These conditions, G\u00ebrxhaliu explains, have led the diaspora to send more money in order to maintain social stability and support their families in Kosovo.<\/p>\n\n\n\n<p>\u201cThe role of the diaspora through remittances is substantial for Kosovo\u2019s economic and social stability. The greatest pity is that these remittances entering Kosovo are pre-destined for imports of products or immediately spent on purchasing goods and services\u2026 In 2025, we see an increase compared to 2024, but all of this must be analyzed in a different dimension. Inflation in Kosovo, as well as in other European countries, is on the rise, the need for social assistance is increasing and definitely all this affects us to have this increase in remittances from the diaspora to maintain social, but also economic stability in Kosovo, by supporting family members and relatives&#8221;, said G\u00ebrxhaliu.<\/p>\n\n\n\n<p>The former head of the Kosovo Chamber of Commerce, Safet G\u00ebrxhaliu, told KosovaPress that the enormous increase in prices and the growing demand for social assistance are the main factors that have boosted diaspora support for families in Kosovo.<\/p>\n\n\n\n<p>\u201cWe are facing enormous price increases and the need for assistance or social aid is very high. Therefore, it should not surprise us that alongside diaspora investments in real estate, there is also an increase in social aid in Kosovo \u2014 because what you could buy two years ago for 100 euros, today you cannot buy even with 200 euros,\u201d emphasized G\u00ebrxhaliu.<\/p>\n\n\n\n<p>According to data from the Central Bank of Kosovo (CBK), provided to KosovaPress, during the period January\u2013June of this year, remittances from the diaspora reached 651.7 million euros, while data for June remain preliminary.<\/p>\n\n\n\n<p>Compared to the same period last year, when remittances amounted to 630.1 million euros, this year saw an increase of 21.6 million euros, writes KosovaPress.<\/p>\n\n\n\n<p>\u201cFor the period January\u2013June of this year, the recorded amount of remittances is 651.7 million euros (data for June are preliminary). Compared to the same period last year, there is an increase of 21.6 million euros. Remittances for the period January\u2013June 2024 were 630.1 million,\u201d CBK stated in its written response.<\/p>\n\n\n\n<p>In this regard, economic analyst Arton Muhaxheri considers that the increase of remittances is not a sign of economic improvement, but rather indicates the deterioration of the situation in Kosovo.<\/p>\n\n\n\n<p>According to him, all economic indicators from 2021 until today \u2014 inflation, trade deficit, and the rise of essential goods prices \u2014 show that the economic situation is worsening.<\/p>\n\n\n\n<p>Speaking to KosovaPress, Muhaxheri said that remittances are expected to increase next year as well, not as a result of development, but as a consequence of the need for survival.<\/p>\n\n\n\n<p>\u201cThe increase in remittances does not mean economic growth for the country, but rather a deterioration of the economic situation within Kosovo. The more remittances grow, the more it signals that Kosovo, with its own indicators, is on the worst possible path economically. Every time remittances are higher, our economy is weaker\u2026 Economic trends in Kosovo are in decline, and as a result, remittances are also expected to be higher next year. Diaspora members send remittances to their families so they can live better and get through the month. This is not a very positive indicator for the economy\u2026 From 2021 until today, whether it is inflation, trade deficit, or the increase of essential goods prices, all parameters show that the economic situation in our country is deteriorating \u2014 which in turn forces diaspora members to send more money to Kosovo,\u201d said Muhaxheri.<\/p>\n\n\n\n<p>On the other hand, economist Florin Aliu told KosovaPress that remittances continue to be an important pillar of Kosovo\u2019s economy, sustaining aggregate demand and ensuring the well-being of many families.<\/p>\n\n\n\n<p>According to him, the main question is what happens if remittances decrease, since a decline would negatively impact the country\u2019s economic development.<\/p>\n\n\n\n<p>\u201cRemittances remain an important part of Kosovo\u2019s economy. Even in these last three years, there has been no noticeable decline in remittance levels; on the contrary, they remain steady. However, the important question is: what if these remittances decrease? This would mean a drop in Kosovo\u2019s development, since they make up a crucial part of economic growth. They are essential both for aggregate demand in Kosovo and for supporting families. We must also think about what would happen if remittances decrease \u2014 what the consequences would be for Kosovo\u2019s economy. We always operate with the expectation that remittances will stay at the same level or slightly increase in the following year,\u201d said Aliu.<\/p>\n\n\n\n<p>The value of remittances in the first half of 2023 was around 633 million euros. Meanwhile, during the same period in 2022, the diaspora had sent over 555 million euros to Kosovo. \/Z. Zeneli\/<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over 651 million euros were sent by the diaspora to Kosovo during the period January\u2013June of this year. This value is more than 21 million euros higher compared to the same period last year. Economy experts assess that the increase in remittances to our country comes as a result of rising inflation, and consequently high [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":76376,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[301,306,296,300,3131],"tags":[6565,372,385],"_links":{"self":[{"href":"https:\/\/kosovapress.com\/eng\/admin\/wp-json\/wp\/v2\/posts\/76375"}],"collection":[{"href":"https:\/\/kosovapress.com\/eng\/admin\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kosovapress.com\/eng\/admin\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kosovapress.com\/eng\/admin\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/kosovapress.com\/eng\/admin\/wp-json\/wp\/v2\/comments?post=76375"}],"version-history":[{"count":2,"href":"https:\/\/kosovapress.com\/eng\/admin\/wp-json\/wp\/v2\/posts\/76375\/revisions"}],"predecessor-version":[{"id":76530,"href":"https:\/\/kosovapress.com\/eng\/admin\/wp-json\/wp\/v2\/posts\/76375\/revisions\/76530"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kosovapress.com\/eng\/admin\/wp-json\/wp\/v2\/media\/76376"}],"wp:attachment":[{"href":"https:\/\/kosovapress.com\/eng\/admin\/wp-json\/wp\/v2\/media?parent=76375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kosovapress.com\/eng\/admin\/wp-json\/wp\/v2\/categories?post=76375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kosovapress.com\/eng\/admin\/wp-json\/wp\/v2\/tags?post=76375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}