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Migrant Romanian workers send home more money than the higher educated fellow Romanians

Some two thirds of the money sent home by the Romanians working abroad come from Italy and Spain and a study conducted by the World Bank reveals that the unskilled workers send more money to their country of origin than those highly educated.

According to Ziarul Financiar daily, in 2005, an unskilled worker working in Italy sent home about 13,500 euros while an university graduate sent from Canada only 374 euros. In 2007, the Romanian workers in Spain sent to Romania over 2 billion euros, almost double against 2005, when they sent 1.18 billion euros, according to data supplied by the Central Bank (BNR) presented at an international seminar on migration staged by the Institute of Economic Prognosis within the Romanian Academy. Ranking second in the classification are the Romanians working in Italy, who sent to their native country 1.3 billion euros in 2007. The money sent by the Romanians from Italy and Spain account for 67 percent of the total amount, which in 2007 stood at 4.9 billion euros. Data of the Organization for Economic Cooperation and Development (OCDE) show that in 2005 the main contributors from abroad, namely, the Romanians working in Italy and Spain, also had the lowest education level. On the other hand, the Romanians in Canada have the higher level of education, 53.9 percent of then being university graduates; they sent to the country 23 million euros in 2005 and less than 20 million euros in 2007. The OCDE data also show that, at the end of 2005, some 560,000 Romanians were working in the main 12 favorite countries for migration: 139,000 people - U.S., 86,500 -Italy and 80,000 - Germany. Sursa: http://www.rompress.ro

Tags: romanians italy euros workers working romanian money bnr