Hungarians Working Abroad Send Home Less Money
- 19 Aug 2016 9:00 AM
Hungarians working abroad permanently or temporarily sent home less money last year than in the previous year, business daily Világgazdaság said citing World Bank figures. According to preliminary data, Hungarians working abroad transferred 4.2 billion dollars to Hungary last year, the majority of which probably went to family members or for loan repayments.
The total transfer was 450 million dollars less than in 2014, the paper said.
Last time the income of Hungarians working abroad decreased was at the start of the global economic crisis, it added.
Last year saw a drop in transfers not only by Hungarians working abroad but by all workers from developing countries who worked abroad.
Republished with permission of Hungary Matters, MTI’s daily newsletter.
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