THE IMPACT OF REMITTANCES ON ECONOMIC DEVELOPMENT IN THE CENTRAL AND EASTERN EUROPEAN COUNTRIES

Emigration flows and their relations with economic development can be observed through different aspects, where one of the important questions is role remittances, transfer foreign money to home countries. The objective this study investigate impact remittances on in Central Eastern European A review previous research emigration presented first part paper. This followed by panel data analysis. analysis covers period after enlargement Union (EU) 2004 till nowadays. results confirm positive statistically significant influence personal new EU member states, as well final consumption, gross fixed capital formation, external trade balance, direct investments. should caution, regarding that are also connected unfavourable effects emigration. adds about significance economies states.