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Cash outflows from Cyprus reach 490 million euro in 2017, according to Eurostat

According to data released today by Eurostat, in 2017, flows of money sent by residents of the European Union (EU) to non-EU countries, (personal transfers), amounted to €32.7 billion, compared with €31.8 bn in 2016. Inflows to the EU totalled €10.7 bn in 2017, compared with €10.1 bn in 2016. This resulted in a negative balance (-€22.0 bn) for the EU with the rest of the world. The majority of personal transfers consist of flows of money sent by migrants …
Source: CNA

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