2023 Romanian foreign remittances reached a record €6.5bn, surpassing 2022's FDI inflow.

Romanian foreign remittances hit a record high of €6.5bn in 2023, surpassing the previous year's FDI inflow. This €350m increase from 2022 shows an increased demand for financial support from families back home as FDI dropped from over €11bn to €6.6bn due to global economic uncertainties and geopolitical factors. The growing reliance on remittances highlights their significant contribution to Romania's economy.

August 01, 2024
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