Ukrainian labor migrants boost remittances in Sept – National Bank

The National Bank of Ukraine (NBU) says Ukrainian labor migrants working abroad boosted remittances to their home country in September 2020.

Read alsoCentral Bank estimates Ukrainian migrant workers' remittances home since year's start"Their amount [of money transfers] in September was over US$1 billion, which was almost 6% up year-over-year," the Ukrainian TSN TV news service said on November 3, referring to the regulator.

Remittances to Ukraine from Ukrainian labor migrants working abroad reached almost US$8.5 billion in January-September 2020.

"The NBU has projected that money transfers from migrant workers will significantly decline over the quarantine," the publication said.

Background:

Some 507,000 Ukrainian migrant workers officially work in Poland.

In total, at least 700,000 foreigners are employed in Poland.

The largest number of foreigners applying to the Polish authorities for social security were Ukrainian citizens (507,000 people), followed by Belarusians (46,200) and Georgians (11,100).

Ukrainians accounted for 75% of the total number of foreigners in Poland who have received social insurance policies over the past 16 years.