International Day – Albanian  Telegraphic  Agency. https://en.ata.gov.al News Agency Wed, 16 Jun 2021 19:33:29 +0000 en-US hourly 1 Remittances, their impact on economic development and society https://en.ata.gov.al/2021/06/16/remittances-their-impact-on-economic-development-and-society/ https://en.ata.gov.al/2021/06/16/remittances-their-impact-on-economic-development-and-society/#respond Wed, 16 Jun 2021 19:11:06 +0000 http://en.ata.gov.al/?p=152015 TIRANA, June 16/ATA/ Today on 16 June, the International Day of Family Remittances (IDFR) a meeting has been held in Tirana on the challenges faced by remittance sector.

During the meeting on the “Remittances, their impact on economic development and society”, the Deputy Minister of Economy and Finance, Vasilika Vjero said that, remittances accounted for 12% of Gross Domestic Product-GDP.

In her remarks, Vjero said that, due to the pandemic situation, there has been a decrease in remittances, while, in the first quarter of this year after the economic recovery, remittances accounted for 68% of secondary income.

Touching on the initiatives such as, the “Connect Albania” and “Ready for Albania”, Vjero said that, the goal is to increase remittance flows to Albania contributing to the economic development and entrepreneurship. //a.i/

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