Ukrainiana

Migrants’ Remittances Twice as High as FDI

The credit for keeping the economy afloat in Ukraine’s unemployment-stricken regions goes to zarobitchany, migrant workers employed throughout Europe and Russia. (UP quotes another report in Delo.)

Last year, Ukraine netted $8.4 billion worth of electronic remittances — or 8 percent of its GDP — and almost the double of its meager FDI of $4.8 billion.

According to Delo, estimates for alternative delivery services could raise that figure significantly.