A bit of perspective : 1 Polish zloty = 0.204864487 British pounds
1000 Złoty is 205 pound sterling.
Will be really funny when in 2 weeks time the poor sap that spent 1,000s of zlotys on his credit card loses his job!
I wouldn't say it would be funny, not even in a low sarcastic sence.
Just because people are blindly spending it doesn't mean there aren't problems with the economy...
Should we not spend money?.
Media Markt wanted to encourage people to buy from them by dropping their prices.
People bought at a seizable discount AND I am kickin meslef because I bought an LCD T.V. (not for myself) and a pen drive not knowing the sale was coming.
You have a point but not from the correct perspective, in my opinion.
Banks here, probably because of their reluctance to give mortgages which is a huge part of their profits are pushing smaller loans on people here.
I got a credit card (I did not ask for) in the post with 10,000 Zloty on it.
I am not an economist (obviously) but it seems that there is a big grey area in between spending money therefore generating cash flow, stimulating business and blowing money you don't have on something you don't need.
I see in Ireland some people threw away insane amounts of money that wasn't theirs, on things they really did not need at astronomical prices.
I see people here in Poland, still being very practical, discounts of 22% is substantial.
I understand that "need" is a subjective word.
Water filter for a fridge, 4gig pen drive, new dvd player.
Cost 472PLN or 97 Pounds (having saved 22%).
How many of you have a water filter for a fridge, 4gig pen drive, new dvd player in total costing 97 Pounds sterling?.
Prices of electronics and kitchen appliances are the same price here as in London.
Consider the wage and this is disproportionate.
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Hi ShellyS, miss me? MWwaaaa!
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So your economic observations of Poland come down to one days shopping in Media Market?
Good question.
It would be short sighted to think that the "never ending economic tigers" are never ending.
In all this it seems that a lot of economists are baffled as to the real way things have gone, both here and abroad.
Poland is still quite underdeveloped and while other countries are falling down the stairs of their economy, Poland seems to be falling up (all paradoxes intended).
I am still mystified as to why, although it has become more difficult to get a mortgage for an apartment or house, rents are decreasing or staying the same in some areas?.
Perhaps less tourists freeing up accommodation and the landlords are lowering prices to make their accommodation more attractive?.
