In late December 2019, Eurostat released the latest data on household consumption across the European Union. Luxembourg remains the country with the highest household spending. Among member states in Central and Southeast (CSE) Europe, Lithuania tops the list.
Most of the Southeast European member states show decrease in the government debt as a share of GDP, as shown in a report published by the Eurostat. The EU debt as a share of GDP declined slightly in the Q3’19 q/q. In the SEE only Croatia and Greece noted decline in public debt.
The profits of three German automotive companies — Volkswagen, BMW and Mercedes-Benz — are higher than the profits of the entire Polish processing industry. So, the idea that Poland could quickly catch up with Germany and the German wages does not seem realistic.
The issue of wage levels and income inequality is becoming hot topic in discussions concerning the Polish economy. International comparisons indicate that average wages in Poland are higher than what would be expected on the basis of the GDP per capita levels.
According to the report of the EU Intellectual Property Office, on average every EU citizen loses the equivalent of EUR116 per year due to the sale of counterfeit products. The total losses in 13 industries in the EU reach EUR60bn.
Following the memorable changeover in the presidency of Russia in 2012, when Vladimir Putin and Dmitry Medvedev simply swapped places, a new plan of national development was formulated for Putin's next term in office.