remittances -

Spain’s recession hits remittances from immigrants

researcher15 years ago15 years ago01 mins

According to preliminary studies released by the Spanish central bank, immigrants sent 148 million Euros less to their home countries, than during the same period in 2007; figures dropped 7% between 2007 and 2008. Industries that have attracted immigrants, such as construction, agriculture, and real estate industries have been hammered by decline in economic activity…

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Spain’s immigrant remittances soar despite slowdown

Euro-Islam16 years ago01 mins

Immigrants living in Spain sent a record EUR 8.135 billion to their home countries in 2007 – an increase of 19.5 percent from 2006. Spain’s 4.5 million immigrants, roughly 20 percent of the total population, are now the leading senders in Europe of financial remittances to their home and developing countries, and the third largest…

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