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Sunday, July 24, 2005

Money Remittances from Overseas Turks Decrease

"Money Remittances from Overseas Turks Decrease
By Ismail Altunsoy
Published: Sunday July 24, 2005

Money remittances made by Turks in European countries to Turkey have decreased below $1 billion from $5,3 billion. Remittances were only $300 million in the first half of 2005. The reasons for the decrease are that they prefer to settle down in Europe, squandering their money under the so called 'Islamic Capital' companies and increasing unemployment in Europe."

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