Ukrainians working abroad, have become less benefit from such services as remittances. In the first quarter, they listed total $ 435 million with an average remittance to Ukraine amounted to $ 450-500. The relevant article of balance of payments fell from $ 740 million in the first quarter of 2008 to $ 622 million in the first quarter of 2009 th.
Ukrainian experts argue that the transfers are falling due to reduce the average amount of transfer, while preserving some of their old frequency. Major operators in the market of remittances did not observe the outflow of customers, clarifying that the number of customers in the first three months even slightly increased. At the 10% increase in the number of transactions. But we must note that our customers have been sending less.
Thus, the average size of the transfer system has made us about $ 400, - confessed in a conversation with Investgazeta 'director of one of the major companies in the market of remittances, adding that the employment income of immigrants has landed.
With further reduction of the EU countries and Russia the volume of remittances from abroad until the end of the year may return to the levels of two years, and major market players will be forced to revise tariffs.
the first time, to reduce the volume of remittances, market participants started talking last fall. Then some banks experiencing liquidity problems, they could not transfer in full. At the same time, the system transfers have tightened policy in relation to partner banks, - say experts. Sami did not comment on the company with whom it had been suspended transfers and whether the renewed work with these partners now.
But the main reason for the decline in remittances, all the experts called the drop in the main part of their income senders - Ukrainian construction workers - in connection with the stagnation of the construction market in Europe. Market participants do not preclude further reductions in response to the crisis not only in volume, but the number of translations.
Perhaps some old players will be forced to withdraw from the market or relocate their business. It is possible that many market participants have to raise rates for its services in connection with the collapse of revolutions - suggest the experts. Now tariffs constitute 1,5-2% of the amount of the transfer.
However, falling incomes - are not the only problem of reducing the volume of remittances. At the yard the crisis, and wanders to Europe ghost isolationism. In some European countries fear the tightening of immigration laws and the introduction of a tax on foreigners, which would have to pay the employers not to reap the benefits of attracting more low-cost labor. But if the Nationalists in the time of crisis, reaping the fruits sown long ago, the Liberals at a loss.
Ukrainian stock market closed the week in the black after world indices
External debt blown off
Business public AMC in question
Builders can not unfreeze dolgostroi!
Money in the gulf
Forex - results of day
Cabinet of Ministers to be convened to review the budget?
Greed defeated
Secrets of fiscal court of Igor Uman
Defects
Ukrainians working abroad, have become less benefit from such services as remittances. In the first quarter, they listed total $ 435 million with an average remittance to Ukraine amounted to $ 450-500. The relevant article of balance of payments fell from $ 740 million in the first quarter of 2008 to $ 622 million in the first quarter of 2009 th.
Ukrainian experts argue that the transfers are falling due to reduce the average amount of transfer, while preserving some of their old frequency. Major operators in the market of remittances did not observe the outflow of customers, clarifying that the number of customers in the first three months even slightly increased. At the 10% increase in the number of transactions. But we must note that our customers have been sending less.
Thus, the average size of the transfer system has made us about $ 400, - confessed in a conversation with Investgazeta 'director of one of the major companies in the market of remittances, adding that the employment income of immigrants has landed.
With further reduction of the EU countries and Russia the volume of remittances from abroad until the end of the year may return to the levels of two years, and major market players will be forced to revise tariffs.
the first time, to reduce the volume of remittances, market participants started talking last fall. Then some banks experiencing liquidity problems, they could not transfer in full. At the same time, the system transfers have tightened policy in relation to partner banks, - say experts. Sami did not comment on the company with whom it had been suspended transfers and whether the renewed work with these partners now.
But the main reason for the decline in remittances, all the experts called the drop in the main part of their income senders - Ukrainian construction workers - in connection with the stagnation of the construction market in Europe. Market participants do not preclude further reductions in response to the crisis not only in volume, but the number of translations.
Perhaps some old players will be forced to withdraw from the market or relocate their business. It is possible that many market participants have to raise rates for its services in connection with the collapse of revolutions - suggest the experts. Now tariffs constitute 1,5-2% of the amount of the transfer.
However, falling incomes - are not the only problem of reducing the volume of remittances. At the yard the crisis, and wanders to Europe ghost isolationism. In some European countries fear the tightening of immigration laws and the introduction of a tax on foreigners, which would have to pay the employers not to reap the benefits of attracting more low-cost labor. But if the Nationalists in the time of crisis, reaping the fruits sown long ago, the Liberals at a loss.
Ukrainian stock market closed the week in the black after world indices
External debt blown off
Business public AMC in question
Builders can not unfreeze dolgostroi!
Money in the gulf
Forex - results of day
Cabinet of Ministers to be convened to review the budget?
Greed defeated
Secrets of fiscal court of Igor Uman