Remittances to Poland at PLN 3.8 bln in Q1

The central bank, NBP, informed that the value of transfers from migrants to Poland amounted to PLN 3.8 billion in Q1 and was 1.7 percent higher than in the same period last year.   The NBP said that the growth was propelled by remittances from long-term migrants, which increased by 2.2 percent. Those Poles staying abroad for the short period of time earned more than a year ago (by 12.7 percent), but the growth was offset by expenditures, hence the value of remittances remained the same. Polish migrants to Germany transferred PLN 1.3 billion to Poland and those from the UK - PLN 1.1 billion. Remittances from these two countries accounted for 64. 7 percent of total transfers.