Coronavirus lowers remittances, endangers many businesses in North Macedonia

Drilon Iseni, director of the Economic Chamber of North-West Macedonia, said for Radio Free Europe that the return of money from the diaspora in the form of remittances is a very important resource for the country’s economy.

“These assets are very important because they are injected into the country’s economy, although these tools are mainly for social purposes, they affect the growth of consumption. But, it needs to be emphasized that there are more cases when these funds are also returned in the form of investments and that of very successful investments “, said Iseni.