The increase in the volume of Polish foreign trade is accompanied by growing disparities in the geographical structure of exports and imports. A significant part of Polish exports to EU countries is made up of products imported from the third countries.
The case is simple. No traffic, no money. Sooner or later it will turn out how much money is missing, and then it is going to be even worse. Epidemics and pandemics have a very bad effect on humankind, and most of all on traveling.
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.