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Poland's Economy Is Booming! The EU's Success Story?


gdyniaguy 1 | 281
25 Jun 2012 #571
Really but that's not what you said in your previous posts. Would that make a stinking liar?

doh! bet you were so happy at writing that....now you look a right proper fool.
hague1cmaeron 14 | 1,368
26 Jun 2012 #572
The only fool, and that is deceitful fool to boot is you. Previously you went on about how companies are moving out of Poland and returning to places like the UK, and such similar rubbish. I will be happy to remind you if you want?

What the heck I will do it anyway.
And this particular quote neatly captures your mendacious and moronic nature all in one:

Rising costs to foreign companies in Poland (wages etc) will make Poland an unattractive place to do business (Poland is already woefully low on the 'place to do business' scale already!) In fact British companies are already bringing back work from both Poland and China.

So tell me how does the above quote square with the one below?

Of course it's attractive.

gdyniaguy 1 | 281
26 Jun 2012 #573
What the heck I will do it anyway.
And this particular quote neatly captures your mendacious and moronic nature all in one:

I dont know what you are going on about.... companies come here because of cheap labour and probably EU subsidies..end off!! When these end they will go elsewhere... Understand?
milky 13 | 1,656
26 Jun 2012 #574
cheap labour

very true! and even with their 2 euro an hour,they'll not compete with Asia.
gdyniaguy 1 | 281
26 Jun 2012 #575
This is true milky... and the Asians 'are' really well educated. They don't have trumped up qualifications like the Poles.
milky 13 | 1,656
26 Jun 2012 #576
Well Poland is still very much a second world country and within that frame it is doing average.
gdyniaguy 1 | 281
26 Jun 2012 #577
Milky if i wasn't engaged i'd ask you to marry me. What a breath of fresh air you are!

Bravo!!!
Avalon 4 | 1,067
26 Jun 2012 #578
You deserve each other.
gdyniaguy 1 | 281
26 Jun 2012 #579
Thanks Avalon... I wouldn't like to say what you deserve ;)
Avalon 4 | 1,067
26 Jun 2012 #580
You would, but you are not clever enough.
SeanBM 35 | 5,797
26 Jun 2012 #582
Poland is still very much a second world country

Could you elaborate, please?

I looked it up on Wiki and was surprised to find this:

en.wikipedia.org/wiki/Second_World

And for Third world:

en.wikipedia.org/wiki/Third_World

So way to go Idaho. on using cold war descriptions for Poland!
hague1cmaeron 14 | 1,368
26 Jun 2012 #583
I dont know what you are going on about..

You know what I am going on about, you are a liar, and my above pots prove it end of.

And some further good news: Poland, the world's fastest growing exporter?
26th June 2012
Experts from bank HSBC and research firm Delta Economics predict that in the next 15 years the sale of Polish products abroad will be growing 5.6 percent a year. According to their most recent forecasts, no other country will be able to enjoy such high dynamic of growth in this period.

wbj.pl/article-59651-poland-the-worlds-fastest-growing-exporter.html

So who should I trust the nay sayers and knockers on this thread like

gdyniaguy

, who got caught lying, and has no equal in mendacity apart perhaps from Milky, or professional economists?. It's not a very hard choice is it.
Avalon 4 | 1,067
26 Jun 2012 #584
Wait until Germans start dictating who is the Premier of Poland.

They may not be in a position to dictate anything:-

Costs of Crash for Germany Could Be More than €500 Billion

The dream of balanced budgets would be dead for years. Government debt would rise sharply as tax revenues declined and government spending, on everything from bank bailouts to unemployment insurance, increased. Hundreds of thousands of jobs could be outsourced to other countries, and thousands of companies could go under.

According to a scenario by the major Swiss bank UBS, if the financial risks resulting from the decline in exports, the necessary bank bailouts and the company bankruptcies are added together, the total cost to the German economy could amount to a quarter of Germany's gross domestic product -- well over €500 billion.

spiegel.de/international/europe/fears-grow-of-consequences-of-potential-euro-collapse-a-840634-3.html

Interesting times.
TheOther 6 | 3,667
27 Jun 2012 #585
Experts from bank HSBC and research firm Delta Economics predict that in the next 15 years the sale of Polish products abroad will be growing 5.6 percent a year. According to their most recent forecasts, no other country will be able to enjoy such high dynamic of growth in this period.

Wishful thinking at best. Just check who the largest import/ export partner of Poland is. If the French and all the other European leeches succeed in ruining the economy of Germany with their continuous demands for bailouts, Poland (and the rest of the EU) will go down the drain in no time.
delphiandomine 88 | 18,126
27 Jun 2012 #586
Of course, the news today that the Germans are more or less insisting on greater fiscal unity will help things considerably. It's the next stage in EMU, and at this point, is the only practical solution.

I can easily see Germany becoming very wealthy in the future - with fiscal discpline imposed upon the Eurozone and vast debts to be paid to Germany - it can only look good for importers of Polish products, especially given the Polish reluctance to join the Euro. Don't forget that Russia is also becoming very wealthy - and they will want nice Polish products too.
TheOther 6 | 3,667
27 Jun 2012 #587
Don't forget that Russia is also becoming very wealthy

Russia? Maybe the crooks at the top of the food chain over there, but not the general population.
Avalon 4 | 1,067
27 Jun 2012 #588
Don't forget that Russia is also becoming very wealthy - and they will want nice Polish products too.

But if the scenario I outlined above happens, particularly:-

"Hundreds of thousands of jobs could be outsourced to other countries, and thousands of companies could go under".

Poland could gain either way.
gdyniaguy 1 | 281
27 Jun 2012 #589
I can easily see it going the other way. German trying to impose fiscal policy on other contries who will eventually have had enough. Countries like Spain, Greece, Ireland have such massive debts now (and no way of paying them back) so who in the EU are going to be able to buy German goods? If you think for 1 minute that Spain and Greece won't end up defaulting on the debt you must be mad! Even the German's are scared about the EU and the EURO and some even want a return to the Deutsche Mark.

What Polish products do you think this ever increasing market will buy? All of the high end polish made products (tv's, cars etc) production will be shipped off elsewhere as soon as it's economically viable to produce them somewhere else (turkey, macedonia, ukraine, russia)..so what products are you on about that will sustain the Polish economy when Europe goes tit's up?
hague1cmaeron 14 | 1,368
27 Jun 2012 #590
Can you at least be honest enough to stick to your own way of twisted thinking, you were saying before that companies are flocking back to the UK were the wages are high, so why should they be so determined to move out of Poland and go to low wage countries? I know that you probably don't have the mental capability of following your own argument, butt at least somebody on this thread has.
peterweg 37 | 2,311
27 Jun 2012 #591
They may not be in a position to dictate anything:-

Costs of Crash for Germany Could Be More than €500 Billion

True. Everyone assumes Germany is invincible, its far from it and is screwed by the Euro even if it leaves it.

Russia? Maybe the crooks at the top of the food chain over there, but not the general population.

Don't know about that.Wages are quite high.

Ever been put off buying property in emerging markets because of a lack of market transparency? Well, it may be time to think again.

EM countries such as Turkey, until recently plagued by uncertainty, have made huge strides in real estate transparency, according to the latest biannual survey by Jones Lang Lasalle, an international real estate agent.

Tranparency of Real Estate

Shows Poland is the same level as Germany, Denmark, Ireland, Norway and Spain (Oh, *****, are they mad?)
gdyniaguy 1 | 281
27 Jun 2012 #592
The government's statistical agency on Tuesday released retail sales numbers for May, showing a 7.7 per cent increase over the same period in 2011, with the European football championships playing a key role in boosting business by encouraging Poles to buy televisions

Probably the same the world over when something major happens. The queens coronation led to a 10000% increase in sales of televisions as did the man on the moon!
Ironside 52 | 12,476
27 Jun 2012 #593
Poland's economy is not booing - end of story !
grubas 12 | 1,384
27 Jun 2012 #594
Damn right it's not only not booming but all economic activities are being suppressed by government.
Ironside 52 | 12,476
27 Jun 2012 #595
government which is working against people !
grubas 12 | 1,384
27 Jun 2012 #596
Let me just add "working against Polish people".To me they are simply occupiers like Germans or Russians during partitions.
gdyniaguy 1 | 281
27 Jun 2012 #597
working against Polish people

on behalf of the German EU party!

Spending by one million tourists could boost GDP by "around 0.2 per cent of GDP in Poland and 0.4 per cent of GDP in Ukraine," said Capital Economics. These numbers are always a bit rough-and-ready. But the anecdotal evidence looks very positive.

1,000,000 tourists... fgs they only sold about 1,200,000 tickets in the Ukraine and Poland for the whole of the tournament... who writes this crap?

So that would mean that each tourist brought in by the football bought 1.2 tickets even less for multiple ticket holders... so no Poles or Ukrainians bought tickets? Add to this the fact that the Germans in most cases didn't overnight in Poland but drove straight home after the matches.. (i know this as i know how heave the traffic was on the GDN-berlin road after the Gdansk game)

The Polish government have upped the expected tourist figure up so much that businesses have suffered. I have seen bars and restaurants that have closed in the last 2 weeks and the amount of unsold merchandise is criminal.
peterweg 37 | 2,311
2 Jul 2012 #598
Polish PMI shows bleak prospects for manufacturing sector

Polish Purchasing Managers' Index (PMI) fell for the third consecutive month in June to 48.0 from 48.9 in May. The reading was its weakest level in 35 months.

Data from the survey shows a decline in both output and purchases of inputs, said HSBC, linking the contraction to a weakening of domestic and export demand. The rate of decline of input orders recorded last month was the fastest in three years.

"The pace of output contraction deepened in June to levels last seen in mid-09 in line with deteriorating new orders."

wbj/article-59678-polish-pmi-shows-bleak-prospects-for-manufacturing-sector.html

Polish hotels rake in high profits from Euro 2012 fans

Poland's western city of Wroclaw, one of the host cities of the Euro 2012 football tournament, enjoyed the highest occupancy ratio in its hotels (92%) among other host cities, the daily Rzeczpospolita reports citing data by the industry website e-hotelarstwo.com.

Poznan, on the other hand, enjoyed the highest revenues per room of EUR 178.8, while room prices during the tournament were the highest in Gdansk, amounting to over EUR 220, twice as high as usual, a report by research firm STR Global showed.

warsawvoice/WVpage/pages/article.php/21357/news
gdyniaguy 1 | 281
3 Jul 2012 #599
Polish hotels rake in high profits from Euro 2012 fans

No Sh@t sherlock! We'll then that's 20 nights occupancy levels that are higher this year. What about the other 345 days!... what a waste of an article. Maybe the odd hotel in Gdansk was charging over 800zl per night. I can imagine alot of hotels outside of the centre of Gdansk were empty! Gdynia was dead.

The paper quoted the latest forecast by the European Commission, which predicts the Polish economy will grow 2.7% this year, the fastest rate in the EU.quote

The great EU! what a success story!
Avalon 4 | 1,067
4 Jul 2012 #600
The paper quoted the latest forecast by the European Commission

Is this the same European Commission that stated the Euro crisis was solved?


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