Why did the change of exchange to 3.14 today to one American Dollar. When last I was in Poland it was 2.75 to one, and in 2004 When I was there, it was 4.03 to one. Is this bad for Poland? I would think so, and what will make it change again, and when?
Nothing to worry about. Polish currency was too strong and now it is getting back to its real value, good for you.
Polish zloty tumbles to new multi-year low against dollar 1/20/2009
(RTTNews) - The Polish zloty slumped to a new multi-year low of 3.3945 against the US dollar by 8:10 am ET Tuesday, compared to yesterday's close of 3.2985. If the zloty moves down further, it may likely to test support near the 3.415 level. As of now, the dollar- zloty pair is quoted at 3.3707.
In economic news, Poland's Central Statistical Office said today that industrial producer price index, or PPI rose 2.6% year-over- year in December, larger than a revised 2.4% rise recorded in the previous month. Economists were looking for an increase of 1.9%. On a monthly basis, industrial PPI declined 0.5% in December, after falling a revised 0.3% in November.
The Statistical Office also announced that industrial production declined 0.4% year-over-year in December, after falling a revised 9.2% in November. Month-on-month, industrial production dropped 3.7% in December, compared with a revised 3.4% fall recorded in the preceding month.
Now it is at 3.405. This could not be good for Poland. Why do you think this is going on? Mike
Very simple. Due to global crisis foreign investors are closing their positions in Poland. They sell out Polish currency en masse and the market can`t swallow all of it, that is why prices are dropping.
Zloty nearing an all-time low Polish Radio 18.02.2009
Prime Minister Donald Tusk has pledged that should the currency sink to reach 5 zloty to the single currency he will start selling euros from EU funds. He that the zloty has reached the apex of depreciation, and the currency is likely to appreciate some time in the future, and so now is the time to take advantage of this moment to sell the euro. Donald Tusk has asserted that the move should not be perceived as a government intervention, and is not meant to flood the market with the European currency.
Shoppers flock to Poland Created: 23.02.2009 09:38
The weak zloty makes Poland’s borderland an attractive shopping spot for Germans, Slovaks and Lithuanians.
“The current exchange rate means a harvest for us,” said Grzegorz Cały, head of Intermarche store in Slubice, on the Polish-German border. “Since the rate of the euro has almost reached five zlotys, our sales have increased by 20 percent,” he adds.
The retail boom in shopping malls close to borders is the flip side of the weak zloty, which saw the government selling euros last week to prop up Poland’s vulnerable currency.
Slovaks are coming in droves to Poland to ski but also to indulge in some major bargain hunting. In Poland the majority of retail items are between 20 and 40 percent cheaper than back in Slovakia. Home improvement stores, furniture and furnishings shops are besieged with shoppers from across the southern border.
In eastern Poland, Lithuanians take advantage of the weak zloty to the litas (LTL), which remains pegged to the euro.
According to economists, the effects of the growing borderland trade will be visible in the economy in a few months’ time. “We still need to remember that borderland trade will not change the situation of poorly performing] exports,” stressed Jozef Sobota, head of statistics department of the National Bank of Poland. (jm)
I pay about 275 zlotys for one kid`s kindergarten, with 3 meals, working hours: 7 am - 17pm.
What about you?
550 PLN for 8am - 15pm 650 PLN for 8am - 17pm the meals are not included
it is not public kindergarten, I guess in a public one the costs are comparable. Don't hesitate anymore, move! ;D
There was research done and the results are astonishing - too often private kindergartens have worse care than state/public ones. We are very satisfied with ours. Teacher ladies are very dedicated and if some aren`t, they have to shape up or ship out. That is why there are always many candidates and about 30 kids are not admitted every year.
Average wage in Poland on the up Polish Market 2009-03-27
According to the "Nationwide Salaries Research 2008" prepared by the Krakow firm Sedlak & Sedlak, residents of the Mazovia province around Warsaw earn the most - about 5,500 PLN.
Disproportion in salaries between eastern Poland and the centre of the country is 2,700 PLN and thus continue to grow. Significantly lower labor costs, however, are a considerable incentive for investors who are looking for savings during the downturn.
According to the Central Statistical Office (GUS), the average monthly gross wage in industry in Poland in 2008 amounted to 3,185.75 PLN. (PAIIZ))
As close as I can figure, that would be around $ 930.00 a month American. We have many here, who don't work, and some have never worked, and they get more than this, and free food, and help, or all the rent payed. And out leader, wants to give them more.
If I did not know better, I would think that was a jab at us Americans, but you would not do that, you are much smarter than that. Mike
As a teacher, I must be smarter, it is natural! ;D ;D ;D ;D
As for jabs, no, of course not. I only suggested that when America stops being Paradise, millions of people all over the world will lose any hope they might still have. Amerika - no paradiso??? Umpossibl!!! The end!
You were here, do you want back, and moved with your family, now? Mike
No, Mike. I have never wanted to live in US all my life. Actually, I treated my stay there very instrumentally as I dropped the college my mother had chosen for me (and I had got a student F1 visa to study there) and found a job to earn money for my own apartment back in Krakow. ;D ;D ;D
I am too big Polish patriot to live anywhere else than Poland. ;D ;D ;D ;D
Bo and Jeanne, the forum is well balanced but this does not mean it can't be any better. 'Predilection' does not mean that a conscious act of will is involved. Life in Poland, and especially for a tourist, is as smooth, easy, pleasurable as in any European country that belongs to the traditional tourist destinations.
Living conditions in the EU One person in six feels that crime or vandalism is a problem in their neighbourhood In the EU in 2007, 18% of the population lived in a dwelling with a leaking roof or damp in the walls, while 2% had no indoor flushing toilet and 2% no bath or shower.
In 2007, 23% of the EU population lived in households that perceived that they suffered from noise from neighbours or from the street, 17% felt they had problems with pollution or grime in their local area and 16% felt that crime or vandalism was a problem in the area they were living.
These indicators on living conditions come from the EU-SILC survey and are published by Eurostat, the Statistical Office of the European Communities. Data for Bulgaria and Romania are not yet available.
Between 5% of the population in Malta and Finland and 38% in Poland lived in a dwelling with damp problems.
In 2007, the proportion of the population living in a dwelling with a leaking roof or damp in the walls ranged from 5% in Malta and Finland, 6% in Slovakia and Sweden and 9% in Austria to 38% in Poland, 30% in Cyprus, 26% in Latvia and 25% in Lithuania.
There were significant differences between Member States when considering the sanitary equipment of dwellings.
The proportion of the population living in dwellings with no indoor flushing toilet ranged from less than 0.5% in Denmark, Spain, Italy, Malta, the Netherlands and Sweden to 20% in Latvia and Lithuania, 15% in Estonia and 13% in Hungary. The share of persons living in dwellings with no bath or shower ranged from less than 0.5% in Spain, Italy, Luxembourg, Malta, the Netherlands and the United Kingdom to 22% in Latvia, 18% in Estonia and Lithuania and 7% in Poland.
probably all the above the recession the growing number of violence from teenagers our prime minister the war on terror but generally the country is just going down.My wife loses her job in 5 weeks after 8years i have been transfered to anther company fortunately it seems a better company only draw back is i have to travel to Manchester every day which takes 45 minutes but at least i am able to work
In Latvia in 2007, 30% of the population felt that crime, violence or vandalism in the local area was a problem for their household, followed by the United Kingdom (27%) and Estonia (22%). At the other end of the scale, 7% of the population in Lithuania and 8% in both Poland and Slovakia had this feeling
Poles purchasing power increases thenews.pl 21.04.2009
Poles had 13 percent more disposable income in 2008 than in the year before.
Among the four Visegrad countries, per-capita purchasing power in 2008 grew fastest in Slovakia.
According to a GfK Slovakia report, Slovak citizens gained one fifth more money than in 2007, compared to 13% in Poland, 12% in the Czech Republic and only 2% in Hungary. In terms of average annual income, Czechs remain the richest in the region with 6.412 euro per annum, followed by Slovaks with 6.102 euro, Hungarians (5.549 euro) and Poles, at 5.529 euro.
All the above countries are still far below EU-27 average, which for 2008 came to 14 982 euro. Among the European countries Lichtenstein has the highest purchasing power (44,851 Euro). At the bottom of the EU list is Bulgaria with 2,817 Euro per capita, which is less than average in the EU candidate states Croatia, Turkey and Serbia.
Poland is narrowing the wage gap with other EU states Polish Market 2009-05-04
Average earnings in Poland are relatively high in the Central-Eastern Europe region `Puls Biznesu' daily reports.
A Polish family will typically have EUR 900 monthly to spend which is slightly less than Czechs, Slovaks, Croatians and Hungarians have. The average monthly wage in the region is the highest in Slovenia - around EUR 1,700, while employees in Ukraine earn only EUR 214 per month, a study by RegioPlan Consulting shows.
Less of Polish families' income is spent on food that before – 24.6% in March 2009 against 26.9% four years ago; 9.4% of earnings is spent on housing and energy; also 9.4% on transport and 46.6% on other expenses `Puls Biznesu' notes.
Poland – seventh biggest economy in EU thenews.pl 14.05.2009 Eurostat forecasts Poland's annual GDP will soon be bigger than Sweden's or Belgium's, making it the seventh largest economy in the EU. Ten years ago Poland was in eleventh place on the list in terms of the value of goods and services produced annually and worth 365 billion euros. One year later Poland's economy was bigger than Denmark and in 2006 bigger than the Netherlands. Now Sweden and Belgium are being outdistanced. Sweden and Belgium, however, have four times less the number of citizens than Poland. Spain – with a similar sized population – has a three times bigger economy. "We are a developed economy, but still rather poor," comments Witold Or³owski, chief economist at PricewaterhouseCoop ers, quoted in Dziennik. Germany is still the biggest economy in the EU and is seven times bigger than Poland's.
Toilets look appalling in Polish schools News at Poland.com 2009-05-18
Every one in four schools in Poland have terrible sanitary facilities. This conclusion can be drown from the report of Sanitary and Epidemiologic Station (Sanepid) – reports "Dziennik". There is no hot water, no soap and in some schools even no toilet paper! This dramatic scene is filled in with coming off tiles, dripping taps and devastated toilet seats.
This control was made after news about spreading virus A/H1N1, called also a swine flu to see if it would also spread around schools. County inspectors visited schools from 5th to 12th May. According to data reveled by "Dziennik" from 5500 controlled schools (primary, secondary and high schools) more than 1300 were below any hygiene standards.
Self service - if you want to use toilet paper, bring it with yourself.
Poland's internet world's slowest and most expensive thenews.pl 21.05.2009
An OECD report show that Poland's internet access is the slowest and most expensive in the world.
Amongst the thirty OECD countries, only Turkey and Mexico place behind Poland in the `slower' category, while only Mexico has more expensive internet fees.
The average speed of internet in Poland in 2008 was 4,314 kb/second whereas the average for all OECD countries was 17,412 kb/second. The fastest internet can be found in Japan where the average speed is 92,846 kb/second.
According to the OECD, at the end of 2008, the cost of transferring 1 Mb of data per second was 32.59 USD. One can only find more expensive internet in Mexico where the average cost for 1 Mb/sec is 64.90 USD.
The cheapest internet can be found in South Korea where one pays an average of 0.85 USD for the transfer of 1 Mb of data per second. As far as Western Europe is concerned, one pays between 3.30 USD (in France) to 14.19 USD (in Spain).