Victor Lutenco, head of the Bureau for Diaspora Relations, considers the Moldovan authorities must accelerate the formulation of efficient policies to attract to the national economy €6 billion that the Moldovan migrants working abroad keep in ‘socks’, IPN reports

In the program “Without myths” held in the studio of the Chisinau newspaper “Panorama”, Lutenco said that besides the €1.6 billion that the Moldovans from abroad send home, which is about one quarter of the country’s GDP, our compatriots have personal savings kept at home, not in banks as they do not trust them much.

“These savings represent €6 billion. This money does not work for the economy of a country. For now I see no serious policy that would stimulate the use of these resources as investments in our economy,” said the head of the Bureau for Diaspora Relations.

He noted that owing to such state programs as PARE 1+1, the migrants invested about €100 million in the economy and, owing to this money, there were created about 3,000 workplaces. However, compared with the €6 billion kept in ‘socks’, these interments are only a small dose.