How Eastern and Central Europe Transformed into Economic Powerhouses
Вставка
- Опубліковано 25 сер 2024
- Explore the fascinating rise of Eastern European countries in this thought-provoking video! Can they surpass the West? Join us as we delve into the recent growth of Poland, Romania, Slovakia, Estonia, and beyond, and uncover the key factors behind their economic success.
In Chapter 1, witness the remarkable transformation of Eastern Europe after the fall of the Soviet Union. Discover how countries like Poland embraced "Shock Therapy" and witnessed the rise of new private businesses, leading to phenomenal economic growth and skyrocketing exports. Learn how EU membership and Foreign Direct Investment played pivotal roles in boosting their economies.
Chapter 2 presents the battle for dominance between Eastern and Western Europe. Compare GDP rankings, per capita income, and growth rates to understand the evolving economic landscape. But amidst the success, we also address the challenges that may hinder their progress, including corruption, aging populations, and brain drain.
Get insights into Eastern Europe's IT boom, thriving startup scene, and technological advancements that have contributed to its rapid growth. Witness Romania's tech revolution and Czechia's innovation hub, setting them on a path to become key players in the global arena.
Subscribe now to stay updated on more intriguing videos exploring the world's economic developments and trends. Don't miss out on this eye-opening exploration of Eastern Europe's extraordinary journey!
Disclaimer: The information provided in this video is for educational and informational purposes only and should not be considered professional financial, investment, or legal advice. We shall not be held responsible for any errors or omissions in the content. Any action the viewer takes based on the information provided in this video is solely at their own risk.
I am Polish and I have never heard of any "Semeko Okmess" company in my life and even on Google you cannot find anything about it. However, the supermarket concept was known in Poland long before the fall of communism (at least since the 1950s). I would also add that the footage that illustrates the situation in Poland comes not from Poland and not from the times in question. Judging by the clothes and goods in the shops, it was recorded in the 1970s in some Western country.
to chyba jakiś chat gps pisał po pijaku, firma nie istnieje a tak bardzo przyczyniła się do ekonomicznego sukcesu polski XD
Dokładnie, to fejkowe konto, produkujące codziennie nowe materiały jak jakiś robot, a jak wejdziecie na główny profil i zjedziecie na dół o kilka miesięcy wstecz to pewnie będą tam jakieś dziwne filmiki jak ktoś gotuję zupę czy robi ciasteczka. Nie wiem nie sprawdzałem ale wiem, że takie konta są celowo tworzone aby wytworzyć konkretną narrację i odbiór w danej grupie odbiorców.
It's a worthless jumble of statistics, slogans and stereotypes. The largest Polish private company of the 1990s was Art B, a holding company managing over three thousand companies. This holding company used modern and complex banking and tax oscillators to accumulate wealth of a size that speculators from the New York or London stock exchanges would not be ashamed of. The owners of Art B, a holding company employing over 140,000 people, were people completely unrelated to the political establishment and big business, a salesman from a provincial town in southern Poland and a doctor from a mining town in Silesia.
And the polish flag is not the same as indonesian one
@@Nalesnik158 Twoja żona uciekła z Rumunem?
If nothing bad will come. Romania will be a powerhouse. I am from Belgium and now Romania is the Eldorado. You have money and come here,you make tons
Powerhouse? Their population is decreasing quite too fast for that.
God bless Romania
he really needs heavenly help
Amen!
@@sogard3190😂😂
God bless Poland 🇵🇱
🇷🇴🇵🇱 👍
God bless the entire EU! ❤️🇪🇺
I think we in Western Europe (I´m from Scandinavia) would love for Eastern Europe to keep catching up. It´s not a competition in our minds, since we see you as part of the family. If you are stronger, we are stronger as well.
Not really a family if the Dutch block Schengen for counties due to the idea of Eastern European ports becoming more important if in Schengen. Some counties still just care for their own. The Dutch even tried to buy the Constanca port so they take even more advantage of Romania.
@@stanislavkachambov6013Austria blocked the expansion, not the Netherlands. And to be extremely fair, this whole idea that the dutch want to protect their ports is just another rumor that makes absolutely no sense, but is pushed by anybody d*mb enough to support a russian narratives.
It's virtually impossible to send romanian goods from the netherland, and the opposite is true.
*Unfortunately, your politicians don't think at all. @danielhalachev4714
Thats a very healthy thinking
Sorry bro , but we don't want to catch up with you and take as much immigrants as you guys do. I'd rather live in a country that's a bit more poor, but I'm not afraid that my daughter is gonna see some junkies on the street doing drugs
When i go outside Romania and when i see how bad and expensive the internet is in western Europe ( Denmark or Italy ...my last two countries i visited) i feel like i lost one arm !!!
CENTRAL European countries. At the same time you call the former East Germany "West"??? The Cold War division ended 30 years ago. By the way - democracy and the Balcerowicz's plan began in Poland long BEFORE the collapse of the USSR. Poland was not part of the USSR but under Soviet occupation.
2 years before , or considering Wilczek's plan 3 years begore 1991
Europe is more complicated than that....there is Western Europe,,,Northern Europe...Central Europe..Eastern Europe..Balkan Europe..and Mediterranean Europe.....different history...economic-political..and way of life..value systems....
Im Romanian 🇷🇴, and i can really confirm that this is true !
In Romania truly the life is very good !🇷🇴
It's crazy to think how 25 years ago Romania didn't even have shops, maybe one grocery shop per big city even that is a stretch, and they were so poor, my father told me many stories, insane how you guys grew so fast, we need to look up to you! Love to Romania from Serbia ❤
It was not 25 year ago, but more like 35 year ago, and there were plenty of shops, but the shelves were mostly empty. The thing that people do not understand is that eastern European countries, including Romania, where not under developed, they were badly developed with whole overgrown industries that produced things you have little use for, other than producing other things that you also do not need. It was no surprise when the whole thing collapsed in the '90.
After communism these countries developed a form of economy, that was and still is much more capitalistic than in saturated Western Europe. In the first decade, this caused a lot of troubles, unemployment, emmigration, poverty, corruption ... but slowly, from about the year 2000 on it started to bear fruits and now 30 after communism their economy is in full swing.
It is much easier to start a business there, the taxes are lower, it is easier to buy real estate and sell it again, it is much easier to evict tenants that don't pay rent, it is easier to hire employees and also to fire them again ... In total the economy is much more dynamic and market mechanism a therefor actually working, while in Western Europe almost always the state interferes in some way, making changes slow or postponing the death of unproductive industries. Salaries are rising without any syndicate or strikes, just through market mechanisms. Companies compete for good employees and have to offer benefits when they are poaching them from other companies. And this is true not only in production or IT, but also in construction and gastronomy, hotel business and other service sectors.
@@ekesandras1481 Very interesting, very good reforms and changes, and yeah western Europe is known for regulations and slowing things down, this is good news, we might see not only a multiporal world but sooner than later see a multipolar Europe where more than 2-3 countries can actually have a say on the big things
I think you get this wrong 😂the shops they been plenty just as in any other country, the problem was the amount of products available. And that was only in the last years of communism (1985-1989) when Ceausescu went mad with his plan for the repayments of loans from IMF and WB and was exporting literally everything in huge quantities. Also you got wrong the years. I think you was mean to say 35 years ago not 25.
they had comunist shops .... way better than the western degen shps
Long life for ROMANIA 🇷🇴
hungary-poland-che-slovak central eu...and transylvania...,,,,.other románia -bulgaria balkan......
@@attilakovacs1415you triggered bro? Have a personal problem with the Romanians? With our Transilvania? Do tell
@@attilakovacs1415bozgor alert
Romania is the best! My favorite country forever 🇷🇴🇷🇴🇷🇴🇷🇴🇷🇴
Iubesc România din Polonia 🇵🇱🤗🇷🇴
@@nowadacjaLove Poland 🇷🇴♥️🇵🇱
At 7:17 the image is from Timisoara, another tech hub, not Cluj-Napoca.
and nobody says Cluj-Napoca (which is a communist naming, that has not yet been changed), everybody calls the town only Cluj (or Kolozsvár in Hungarian and Klausenburg in German)
@@ekesandras1481
It's your version of "reality "!😂
@@ekesandras1481 Cluj is the county, Cluj-Napoca is the city. Napoca comes from the Roman town that was in the area.
@@brb4903 I know, but still nobody says Cluj-Napoca in a conversation. If you do that, you are automatically recognized as foreigner.
@@ekesandras1481 sorry but the official name is Cluj-Napoca. Which has to be used when you are creating an informational material for foreigners, right? yes, right.
Slovakia has roughly 5.5 million inhabitants. Not 4 million as you stated...
they do not give a fuck :) we are still a jungle for them :)
I am a Bulgarian American. Over the last 3 decades Bulgaria changed completely. Same can be said for the rest of our neighbors from the former Eastern Bloc. Once our countries got free from the Soviet presence and occupation the socioeconomic climate changed for the better. However the toxic Russian influence can still be felt and will take another generation to completely rid of it.
Yes, it changed. From 9 Million people who lived there in 1989 about 6,3 Million live today. :)
@@kristiyanpeshev426 I would be surprised if the population did not felt.....look, when a nation has to make a transition from one economic system to another and start from very low, it's completely natural that people are going to leave and look for something better, its human nature. It happened in Bulgaria the same as, like most nations that had the same history in the 20th century..if you look through history you will see that is happening all the time. When Germany or the UK was devastated and wiped out from the map after World World 2 many people left. After the winter war in Finland over 1 million finnish people left. And around the globe that stuff happens all the time through centuries. When there is war, extreme political regimes, or natural disasters and people look for betterment, people move. Generally speaking for one or two generations people feel the effect of the event and it goes back to normal. It definitely creates certain challenges for a nation, but that part of the journey.
@@irmaslap1607 yes, that's right. Generally migration is something normal everywhere. I also left Bulgaria and I think I took the right decision. :)
Is Bulgaria a bad place to live today?@@kristiyanpeshev426
If it is good there Bulgaria won't have this level of migration from it
Went to krakow from London last week robust rich and safe vibrant city. If someone is thinking that eastern Europe is poor go to see warcaw pragha krakow
I went to Poland and France this summer if we compare, Poland was looking doing so well and France so depressing.
where did you go in France, in a basement?
Romania and Poland the best of the best.
Bulgaria and Romania brothers forever
this data is very old. Currently, the Czech Republic has a GDP per capita of 31,000 and France 44,000, but taking into account the purchasing power of money, it will be 58,000 for France and 51,000 for the Czech Republic, so this difference is really small.
ČR is nowhere near 31000 GDP per capita 😂
@@DominguezSK What are you talkig about? It is actually, even more, its 31 368,43 USD. It is literally the first thing you"ll see, when you google "czechia gdp per capita 2023".
@@janspacek2887 you got the 2023 statistics in August 2023? So you telling me, from start of 2023, until now (you know, slightly more than half a year), CZ made more than 100% of their years previous GDP?). So until the end of the year you will have then what? 50K per capita in GDP? Dont be ridiculous. 2022 says 26K and until relevant 2023 stats come out, calm your tits.
@@DominguezSK Ever heard about a word "estimate"? In 2021 it was 26 821.25 USD and in 2022 it was 27,612.93, so yes, it is very probable that in economics not slowed down by pandemics anymore it can be around 31k in 2023. Im leaving this, i dont have time for somebody not understanding even basics, bye.
@@janspacek2887 It's an estimate, mr. Basics, let's wait for the oficial stats and return next year 🙂. Now we have war, inflation, energy crisis and your gvt is not helping your enterpreneurs, IS it hm. So i wouldnt say the prognosis is THIS optimistic.
It really offends me when someone is saying Poland is 'east", 'eastern bloc' 'eastern europe'...... Poland is CENTRAL and always was in the center! The heart of Europe since 1000 years!
Dokładnie. Geograficzny środek Europy znajduje się w Polsce. Matematykę ciężko oszukać.
@@szymonandrzejak7496 No chyba, że uznamy, że Europa się kończy na Donie, a ruscy to niemyta mongolska horda. Wtedy Polska jest w Europie Wschodniej.
Jesteśmy w centrum ale akurat w bloku to wschodnim byliśmy a nie centralnym.
@@a4kinc155 'blok wschodni' to wymysł czysto polityczny
Is related to European Union
Forza Romania ❤❤❤
CZECH GDP per capita in 2022 was 20K !!! (NoT 18 mentioned in this video) - if the wages were as same as in the western part - the purchasing power would increase significantly and the GDP would be much-much higher
every country with no refugee crisis is rising
you do know Romania has a border with Ukraine, do you...
@@speedy7040 Truth, but most the refuges they just transit Romania in their way to the west. I will say about 90% of them.
@@speedy7040yeah but those refugees are working not raping, asimilating not burning cars
@@malario5235 yes, women and children are notourious for working....
and do you really hear yourself, bigot ?!
@@malario5235precisely
Central, Central Europe, is it that hard?
Glad to hear Eastern European countries are doing well. There are more challenges to overcome for sure, but we will get it done as time passes by. Serbia experienced some growth as well, but it is evident not belonging to EU has its setbacks. Situation with corruption still has a long way to go as well, although introducing e-government services helped a lot. Greetings and good luck to all from Belgrade. I hope we put an end to brain and muscle drain from our region.
Eastern European countries are NOT doing well
@@ionpopescu5415 care to elaborate?
Europe is more complicated than that....there is Western Europe,,,Northern Europe...Central Europe..Eastern Europe..Balkan Europe..and Mediterranean Europe.....different history...economic-political..and way of life..value systems....
The Eastern Europeans are not doing well ... this is only propaganda .... how to do it well when the salaries in the former Communist Bloc Countries are 4-5 lower comparing with the Salaries in West EU ? and the food is more expensive in East of Europe (because there is no economy and all is imported from the Wes Countries, and all the profit form the East EU goes to the West of EU)
@@ionpopescu5415 In 2010, the Hungarian net average wage in ft was HUF 122,000...then the euro was HUF 265...it was EUR 460,,,,the Austrian average net wage was EUR 2200....5 times... .now the Hungarian average net salary is HUF 460,000...with EUR 380...EUR 1,210,,,,the Austrian one is EUR 2,600.....2.1 times.....from 5 times in 13 years.. The difference has decreased to 2.1 times..in euros !!!!!!!!!!!!!.....viva viktor orbán !!!!!
Where did you find out that France have 33 000 gdp per capita and Czechia 18 000. From official stats France have 42 000 and czechia 31 000
What the hell is Semeko Okmess? I am Polish nationality but have never heard about such a supermarket.
These are Central European countries. Eastern Europe is Orthodox Europe, that is Russia, Ukraine and Belarus.
That moment when you flipped the Poland's flag upside down 🙃
Please, be up to date: population of Slovakia is over 5 millions; while speaking of Czech Republic show its map, not the one of Czechoslovakia.
Please check the map at 8:40 ...
He talks about the Czech Republic and shows Czechoslovakia.
9:12 wrong flag. Poland should have white and red, not red and white
Kudos to you for specifying what eastern and western means, you avoided a lot of people saying poland/czechia is not eastern but central. Including me. In this context, yes we are eastern.
When is Vienna more on East than Prague make Austria into eastern part of Europe ?
@@TvrdakTom Eastern Europe is not a purely geographic term.
Nothing was mentioned about Bulgaria. But actually everything mentioned about Romania applies to Bulgaria as well.
I love East Europe 😻💙
God bless Czechia Poland and especially Slovakia❤❤❤
Eastern Europe is countries like Belarus, Ukraine, Russia. What you are talking about is Eastern EU. EU =/= Europe.
They will never learnt this…
Eastern Europe has already surpassed southern Europe (PIGS) in terms of GDP. Greece and Portugal are earning less and they will surpass Italy and Spain by 2030. Its amazing considering that their economies didn't grow from like 1939 to 1990 due to WW2 and communism. They would have been easily at Scandinavian levels if they just averaged 2% growth over that span.
hungary-poland-che-slovak central eu...and transylvania...,,,,.other románia -bulgaria balkan......
GDP shows only the size of an economy. Development is totally a different concept. An economy can grow (in terms of GDP) but at the same time it can remain fairly undeveloped. Take Russia as example: it's GDP is not low at all, yet their economy is kinda primitive compared to European countries. The same applies between western and eastern European countries: while in the east we saw a remarkable growth in terms of GDP, the same can't be told about development.
Eastern Europe economies became bigger and more developed, but they remain substantially less developed and less diversified than the ones in the western countries.
This difference is due to the fact that western countries have in large numbers something that eastern one doesn't: big brands and big firms.
It is really funny to hear and read every time things like "soon the eastern block will surpass Spain and Italy" for two reasons: first one, these countries are growing too and by the time eastern countries will reach them (IF it'll ever happen at all) their growth rate will be very similar. They will be similar economies in terms of size and growth rate.
Second: Italy and Spain will still have a far advanced economy in terms thanks to their industries and services.
Especially Italy, which is one of Europe's industry giants.
When it comes to aerospace, mechanical parts, machinery and robots for industrial use, automotive sector, chemicals and pharmaceutical, electric/electronic and optronic devices etc etc there is simply no competition. Italy produces and exports a large quantity of high added value goods in those strategic sectors while the same can't be told for all the eastern block.
Not to mention Italian giants who operates worldwide: Leonardo, Fincantieri, Iveco, WeBuild, ENI, Enel etc.
In Spain there are Iberdrola, Acciona, Navantia, Santander etc
There are already many economies already bigger than Italy or Spain in the workd, but they don't have the same level of advanced economy, nor the same big firms and brands.
Economic growth and economic development are not the same. They can proceed accordingly, but it's not always the case.
And in terms of development, the west keeps going faster than the eastern block.
@luigirescigno9226
Clearly, you being Italian would be very biased with your opinion. Southern Europe is not very developed even compared to Eastern block countries as you put it. I have been through Italy, and Southern Italy looks like a third world country and is much less developed than even the V4 countries. Especially Calabria. Czech Republic is already more wealthy than Italy. Warsaw has higher incomes than Rome. What I never understood is how countries that didn't grow between 1939 - 1990 had recently caught up and surpassed Southern Europe. What is the excuse of Southern Europe for being so far behind the north. We know why the V4 is behind, but why is the south behind and they received Marshall plan money, and they are not very developed. Maybe someone can explain that to me.
@@walterjurewicz1567 if I am biased because I'm Italian, then you are biased because you're from Poland :)
Southern Italy is undoubtedly underdeveloped compared to central and northern Italy and many other European countries, but it's not like a third world country. It's clear you never saw third world with your eyes and you are just making very loose comparisons.
First of all, you have to know that all official data on Southern Italy are very imprecise due to high level of submerged economy. If you compare what officially people earn in the south with what they spent, you'll clearly notice that something is wrong.
The true average income of many southern regions are not so far from central Italy ones.
No bro, in Czechia they are not wealthier than people living in Italy. Not at all.
They may earn more, but Italians keep having a better overall quality of life and you know why?
Because in Italy it's way easier to purchase what elsewhere is considered luxurious.
Official data tells you that Czechia and Poland are basically more wealthy than Italy and Spain, but even a blind man going there can notice that something is wrong with data: people in Italy have higher purchase than the official one :)
This simply happens because indicators such as PPA are very imprecise and are calculated very poorly.
Again, my friend, you can't make comparisons between economies only using GDP or the average income.
By the way, in the north both gdp per capita and income per capita are well above the average levels in the EU.
If you wanna make a true comparison you have to do what I did: crack down GDP and see how it is composed. You'll see if an economy is advanced and how much, which sectors matter, in which sectors people work, what a country imports and exports etc.
Regarding why the South is so underdeveloped, well, there are many reasons.
Keep in mind that the north is basically attached to Europe so it's advantaged in terms of geography, logistics and integration. The rest of Italy is more peripheric. Also, it's fucking hard to build infrastructures in a country full of hills and mountains like us. In fact, this is what penalizes the south so much.
Ultimately, don't misunderstand me: I was not belittling in any way eastern Europe. I'm actually glad and impressed you're doing so well. It's a good thing. I was just pointing out something that many people don't get it: economic growth and economic development are not the same.
In the South there are far less industries than in the North. Yet, we still talk about highly advanced industrial sectors. My region, Campania, has a GDP higher than Romania and about a third of Poland. And Campania is in the South.
But what makes the difference is not GDP per sé, but rather it's composition: the economy in my region is still more advanced than in Romania. We have the industries and the services I described in my previous post. In Romania they don't have such things.
And you know? We import lots of stuff from Poland, but mostly are goods with low added value. So we transform them in high value goods and sell them back.
And this is why even in this "third world" South people have a REAL purchase power much higher than the ones you'll find in official data :)
In other words, in the South we live better than you guys in the East and at the same time our lives are less expensive :)
Of course, official data are not a scam: they're just not so accurate as they claim
@@Gfsed but all these talks on gdp per capita makes people easily miss the point: in Czechia and Warsaw you can have the same of even better living standards than in Rome, but it would be definitely more expensive than in Rome.
You should pay way more in Czechia and Rome to have what you can have in Italy.
It's a fact. Talk with tourists coming from those countries and they will all complain about this thing.
Eastern Europe is already well ahead most of the rest of the world.
These countries are central European, calling them "eastern European" might be customary in the US schooling but is also ignorant of the actual geography of Europe.
Awfully inaccurate document. Lot's of mistakes and wrong data examples.
Even names are misspelled, who has ever heard about Balcerovicz lmao.
Huge dislike, low quality.
Living in Romania and judging by comments from other countries, the data in this video is way off 😂😂
Poland can probably aspire to a similar GDP as Spain. France and Germany are simply too big and connected via navigable waterways to the world to be replicated in the east.
@@user-ex8kr2kj8e😂
I don't think Poland simply replicates. She tries to build better structure on top of quality of life which is already higher there than in many Western European peers. If you look at the infrastructure it is already better than in many Western neighbours, energy industry will be amazingly upgraded in next 20 years. There are big ports in Poland but the new port in Swinoujscie can be a competitor to Hamburg. Obviously Germany and France have bigger populations but Poland also grows due to immigration. Also Poland have potential as a regional hub while Germany and France are undergoing crises and are not trusted partners for the region.
@@user-ex8kr2kj8e i was in Görlitz recently. When you cross the bridge to the Polish part, everything looks scruffy and ugly
You make things up. The quality of life is maybe comparable to Portugal, but still way bellow Netherlands, Germany, France and similar. Infrastructure is popping fast, but Polish highway is still in around 60% of development. High speed trains are nonexistent, normal trains are still way bellow Spain, France or similar. Half of lower roads are still in a extremely bad shape. So infrastructure is still 10-20 years behind western european average. No need to portrait Poland like a wonder. Everyone knows its doing ok, but all the data, numbers or experiences still show us that the difference exists. Its not 40 years anymore, but 15-20 to achieve western Europe development.@@greycliffnative
@@Aggoenix It is not true when comparing Poland to the UK. Perhaps the UK is more dilapidated than Spain and France but Poland has better railways as the UK lines and services are in ruin. Polish national roads are better quality (with perhaps small margin of roads/bypasses to be rebuilt or built), the local roads are better or the same quality but better standard in Poland (usually wider as you struggle to pass other cars on the UK country roads). With CPK, Poland will have comparable but more modern airport infrastructure than the UK. The only better aspect in the UK are local roads in the newer residential places. There is an obligatory road construction first before starting any building works.
Do your own research.
This is obviously a copy from a video from 'The EU made SIMPLER' UA-cam channel, from one month ago. Same points, just different graphics.
Which itself sounds like a copy of The EU Made SIMPLE
It's CENTRAL!!!!! CENTRAL EUROPE!!!!!!!!!!!
Central European countries are: Switzerland, Liechtenstein, Germany, Austria, Poland, Czech Republic, Slovakia, Hungary and Slovenia.
To be honest, we are doing pretty bad here in Czechia, when you realize that we had massive advantage in 1989 - some older people still remembered capitalism and were able to renew their bussines and our economy in that time was much better than in some other former communist countries and now, even Poland is getting better then we are, people are really disapointed by that. It takes like 20 years to build few km of highways here because land owners block everything and governments are changing and new government always cancel everything what previous government planned....how is it possible that in Poland they just decided "we will have highways in 10 years" and they just did it? Just like that, no problem? Why we can't? People are really disapointed here. Also prices are the same as in western europe, but we stil have like 1/3 of German salary. So, yes, we were growing fast, but it's much worse than it was supposed to be with our starting position in 1989.
Don't take me wrong, you can see massive difference compared to like 20 years ago, but as I said, people expected we will grow faster and we will get back to where we were before WWII, which looks like total sci-fi now. But it's probably still not that bad here when we have workers from other former communist countries like Romania, but we were supposed to be Germany 30 years after revolution. Communistm was here only for 40 years and it's another 30 years gone and people still make difference between "west" and "east" which is just disapointing.
But not everything is worse here, it's not only about GDP, I would say that our cities look generally better than most of places in west, not even talking about south europe where people are sleeping on pile of garbage and don't tell me I am liar, I saw it with my own eyes. Our cities are restored now, everything looks clean and pretty good, so even when we have still low salaries, at least our public space look good now. When I visited Vienna in 2021, I was shocked that it actually looks better here, I didn't expect it. But when I am visiting Poland, I see that many things are much better there, you can still see that their economy exploded and jumped up recently, like 10-15 years ago and some places are still waiting for renovation, but it's getting better faster than here in Poland and they have massive investments to public space, they build really something for people, while we are stucked in 90s in some things, like modern housing estates here in Czechia are those types with fences and barriers everywhere and signs "only for residents" etc....this is not how modern country in 2023 should look like. In Poland, everything new is well designed and you can see it was really meant for people and they were thinking even about people going thru that place, not only about people who own that and live there, which is much better than how we do that here, we are more like Americans - you go to some satellite town and guns are pointed at you when you don't live there. 😀 I am just disapointed by this evolution, but you can see massive difference between city centers (mostly with some better planning and ruled by some not that bad politicians) and those parts where developers and big investment companies rule. Centers of cities are getting better pretty fast, but those new blocks will be no go zones soon. But problems in west and slowering of their economies is playing for us now.
To be fair, you can see the difference between east and west in Germany too. I mean if a single country couldn't ascend a sub-developed part, which btw. contains its capital city, to the economic level of the rest, how could we do it on our own. Really the issue is that the west won't just stop developing and wait for the east, its a moving target and we wasted 50 years. You can't just work your baseline for 30 years and on top of that make up the work for those 50 years lost. Thinking that's possible would be foolish, you can't just say I won't study in the first semester because I'll make it up in the second -- you won't, you'll fail and they'll kick you out of the university.
I agree though that in Czech Republic we have a huge problem when it comes to building literally anything. The laws need to change ASAP because even 20 years ago was too late. The other issue I see, and I don't think you mentioned it, is the huge fuck up in the labor market. Like there is no chance we're going to hold on to the foreign capital if it's impossible to find qualified workers yet we're literally pouring gasoline into the fire my making it so hard for foreign workers to immigrate here that one would have to be mentally challenged to go though the hassle here instead of going for Germany.
Anyway, I don't really share your disappointment, even at this point you can make good money and live a happy and meaningful life. And what's the most important -- the streets are safe at night, I didn't have the same feeling when I was visiting Berlin recently.
@@martinprochazka3714 Yeah, I know, I work as CNC programmer/operator, work I do is meant for 3 shifts, but we have to do it in one shift because of no people and it's even worse, our company totaly gave up looking for people, they just expect from us that we somehow manage to do that work. I am just optimizing for few years, we had to push our owner to buy some new machines to increase productivity and I had to do a lot of changes to be able to do that work when 2 shifts are missing and still, we have 1/3 of German salary, nobody will pay you for that you are literally saving company, that's what bothers me here the most. You have 100 people in some company, 80 of them is doing literally nothing and complaining that they have nothing to do because people on well qualified places have no people and can't do that work for these morons who just touch it and send it to next moron with IQ 70 and they have just like -10% of my salary, it's really frustrating. Very often you have to do some change to be able to do your work when you don't have people, but it would mean that these IQ 9.8 people woul have to do something, but they don't want, so they hate you and think you are lazy, but you are running whole day without stop on well qualified place to create some wealth and make salary even for these lazy f*ckers, it really bothers me. They don't want to learn anything, they are ok with their low qualified job and I kind of understand it, because why running around whole day and having stress for +10% of money? I am actually stupid that I don't work on some low qualified position.
So you probably know what I want to say - there must be much higher difference in salaries on low and high qualified places. How the hell companies think they will find people when they don't want to pay them? They pay everyone like worker, but you have responsibility like a manager, nobody wants to do that voluntarily and I understand it. And owners are such a liars, they say they can't give extra 5000 CZK to few people on well qualified work positions, but then, he has no problem to buy a machine for 5 milion without and leasing or loan, he can buy it just like that, they are liars, selling products to Germany for their prices, but they pay us like eastern europeans and then they complain that nobody wants to do qualified work.
BTW, streets are not that safe anymore because of Romanians, Ukrainians and others and I really don't mean war refugees, I mean those gopniks in adidas tracksuits with broken noses. In some villages, you can't even go outside anymore, because there is some lodging house for these people and they are just scary. And these people have to work 12 hours, 6 days, so they are damaging our work market and they work under some mafia, everything half legal, state has no taxes from their work, everything is wrong here.
We just have some new young moron from the east in work, he is walking here in long throusars and jacket when there is 30°C outside, he is constantly walking there and back, there and back and doing nothing, he says that he is Russian, what the hell is that? Why we have to feed such creatures here?
Instead of look at why companies avoid taxes and motivate them to not do that, they increase taxes and create new ones, to motivate companies to cheat even more, it doesn't make any sense, where they want to take money for pensions when nobody pays taxes and nobody cares? Babiš, Fiala....at the end, they are all just incompetent morons who don't real problems. I am so disapointed, I supported this coalition against Babiš, but nothing changed, so Babiš will win next time and the worst thing about that is that I don't even care anymore.
Now from the perspective of Pole. I am well aware that my country had one of the worst conditions out of whole eastern block. We were definitely wayyyy behind Czechia. And sure, we grew by a lot. We also got plenty of shit done. However - we had much bigger support from EU. What's more many things were thanks to western private capital. Heck, even your argument - highways for example. Plenty of them don't really belong to the state. We are being wayyyy overcharged for using them - we got the most expensive highways in EU. Whyy? Because plenty of funding was from private entities - polish and foreign. On top of that we have huge issue with corruption. I'm not talking about a typical corruption that everyone thinks about - giving money to the police on the side, or giving money to politicians. It's much more subtle. For example - good positions for politicians families in state business. It's insane how much money we are blowing. Peeps in UK were well pissed off when their politician blew some millions for PPE during covid. My first thought? Bruh that's pennies, I hear that shit every day. There are corruption traces even with our ministers. You don't have it THAT bad in Czechia in this matter. I think most of Poles see Czechia as a slightly better version of Poland (when it comes to economy) :D
@@goshoko8835 The most expensive highways in EU? We literally paid our highways which we don't even have, that's completely different level. 😀 Or they build something, but they have to build it again after 2 years because it was low quality, our competitions for constructions are totaly wrong, they should not look only at price, they should give it mainly to company which can actually build it, not on paper, but in reality. You have companies which didn't even exist 2 years ago and such companies are winning competitions for state constructions.....it's completely crazy. Ofcourse, some things are better here than in other countries, like our digitalisation in buying tickets, maps, timetables and all such things, it's always shocking for me when I am in country where it's hard to find how to get somewhere by bus or how to buy tickets, all these things are better here, but that's not enough.
Chech people have always been looking down at Poland and you proved it with your "Even Poland does this or that" statement. Chechs are not Germans. You are wannabe Germans You try so hard not to be associated with Poles and other slavic countries it is funny and pathetic at the same time. Poland is not perfect either but it is funny seeing all these Chech tourists at the Baltic see this year with their Picacu face because they were not aware Poland 2023 looks different than Poland 1990.
*East European countries are just NEW TAX HAVENS... Portugal, Spain and Greece are treated worse than these countries and will soon get poorer. A SHAME.*
To ustawa Wilczka wprowadziła biznes do Polski, Balcerowicz ograbił wszystkich Polaków z oszczędności po tym jak jego kumple ograbili kraj z wszystkiego. Balcerowicz to bardzo zły człowiek.
9:08 Why Poland has Indonesias/Monacos flag?
To be fair its harder to grow by 5% an already bigger economy. For example 1% growth in France can be the same as 5% for Romania. But as a general idea, there is no contest between east and west economically... the main aim for EU is to create a strong and resilient collective EU.
Where i see East taking leadership is in politics. West has been proven to be deaf and wishful thinking in the past decade. They don't understand russia, they don't understand migration, they don't understand china, they don't really understand anything really... too much ideology in the West and not much pragmatism. Hopefully Est can take lead on these matters.
1% for France is like 9% to Romania...
But a better comparation may be using PPP GDP.
@@romanvssvmromaniathis is not correct. It's 1,8% France and 9% Romania. Don't forget France has 70 million citizens and Romania 20.
3,5 bigger. 1,8*3,5=6,3. Romania 9 Points and France 6,3. Romania wins 😊
Greetings from Poland
@@ramtamtam7277 Romania don't have 20 million anymore living in the country (officially it used to have 23 million in 1990) official statistics are very old in Romania (for instance they say only 3-4 millions left the country to work around in EU while the number now is more close to 8 million!) They are i think more like 14 millions left inside the country but the government will never make that number officially because they may need to answer for that. So they use the same old statistics from 2010. That's why they started in recent years to take people from poor asian countries or Pakistan to replace the workforce in Restaurants, Hotels, Constructions etc. 😂Its a mess but the truth is there no solution on sight because 90% of Romanians as soon as they get their university degree they run to Germany or France for better salaries. In this way we lost the best doctors, constructions, engineers etc. Best brains are already abroad in the west (yes, we also exported some gypsyes and not so well behaved citizens but i was not referring to them in here 🤣)
@@adrianstereRomania has 19,1 million INHABITANTS, excluding those working abroad.
Gorzej że Francja jest zadłużona ponad,100%
need to consider that this grow is also due to the help of western Europe…
bine ca macar in video-uri pe youtube suntem bine :))). Daca ne-ar creste si puterea de cumparare ar fi bine, nu doar PIB-ul... si un indice GINI mai bun.
Da, inca e discrepanta enorma oras-sat si apoi pe regiuni. Sunt multe de aranjat si echilibrat, dar incet-incet se dreg. Din anii '90 am tot urcat si in mare parte e pe spinarea romanilor, ca guvernul ...
România crește de la an la an
0:22 Greece since when western ?
Always! It was never under communism. Never a part of the Soviet union and never an eastern bloc country.
@@butterflies655Greece is a Balkan country with Balkan traditions and orthodox religion, they are not western
White GDP per capita is rising year to year very fast compared to the west, the east doesn't have enough domestic companies with global reach. That means that a lot of capital is made in the east but most of it is leaving countries when it was made in favor of countries where companies making that capital operate from. With this dynamic East cannot ever catch up to west unless companies like ESET and Avast multiply.
Everyone compares east vs west in these videos I've seen. But a east vs south is a more logical and interesting comparison. As one is part of EU for much longer and not necessarily doing better
Poland's flag is incorrect in the video. It should be corrected!
I am from Slovakia. There is one important point to realize. That economic results are because of foreign capital, foreign know how and management skills. If we should do the same allone it will be catastrophe. On the other hand western countries can find out for centuries great ideas and technical inventions. We just copy and learn.
Those were The Hungarians. ("The Martians")
Slovakia is already the poorest country together with Romania and is in such decline that it is approaching African countries. All you have to do is allow the thieves to rule and there are beggars with the EU tiger...
@@BELBOG666 As a Slovak, I agree with you. I even think that Romania is already better off because even though incomes are lower there, prices are significantly lower. But the economy is not a problem in Slovakia. We have an extremely capable and skilled workforce, low unemployment. And primarily politics is not a problem either. Politics and politicians are the result. The mentality of people in Slovakia is cowardly. A mentality focused only on survival. People here don't know their worth.
@@stipostipo2051 jednoducho nevieme žiť bez potreby prežitia ako primárneho pudu spoločenského spolužitia vo forme asociálneho chovania. Preto je naša spoločnosť v stave v akom je, 30 rokov drancovanie krajiny 150 jedincami každé 4 roky dokola ako zlý sen.
Go Poland go❤
moved from canada to hungary 2 years ago best decision ever
We moved from paki filled Canadistan to Romania-best decision we ever made...
Extra Hungariam non est vita, si est vita, non est ita.
You used a wrong EU map, Norvegia and the UK not a EU member, and as I saw it even Ukraine a member on the map...
Balcerowicz plan, in polish alphabet there is no "v" letter at all..
You must put population decline into the consideration
He did
In PL official population data has nothing to do with reality. There are some 2 million uncounted Ukrainians, Belarusians, Russians, Indians etc. Official census says 37,8 millions while the reality shows more like 40 millions. Most of them will stay in Poland (those who had opportunity to go farther to Germany, Canada or US are already there; some 5 million Ukrainians left Poland for Western Europe or North America in last 12 months). Poland has very bad demographic statistics (some -1000.000 per year), but the gap is filled with a significant surplus with immigration.
Population decline by emigration, not by deaths. There is a difference between population decline Poland and population decline Russia
@@dariuszb.9778 I know that. That's why Poland has no brain drain problem. But Romania for ex. don't have that. Also official statistics in Romania are wrong. They show only 3-4 million left Romania. In reality the number is more close to 8 million! Romania rank second only after Syria when it comes to immigrating (but Syria was have a a war.)
And in Romania we didn't have any Ukrainians (the tensioned relations, language and cultural barrier has stop them from coming) to replace the brain drain. And that's a huge problem as the population is aging and not enough kids are born because the only think Romanian students have in mind is to get a degree and run fast to UK, Germany or France because of better salaries (not necessarily better life but they will get that later.) And because there are huge shortage of workers the gov. takes now people from poor asian countries or Pakistan to replace the workforce in Restaurants, Hotels, Constructions etc. Considering how the immigration developed in France or Belgium i don't think this is a good idea. Mixing forcedly very different cultures never ends good.
@@adriansteresunt 4 milioane, nu 8. Sunt o grămada de ucrainieni pe aici. Lasă zăpada, nu le ai cu realitatea.
Film wyssany z palca.. pelno w nim bledow !!
I don't know where your graphic designer is getting their maps from, but bro:
- EU =/= Europe (at 3:39) and uh yeah that copy-pasted fake transparency in the Aegean and Baltic Seas
- Your map of the Netherlands at 9:11 is actually a map of a hypothetical 'Dietsland', comprising the entire Low Countries plus some more territories, and is mostly popular among alternate history fans and nazis (not saying you're a nazi, OP)
The same map is also showing Turkey as part of the EU. Very poorly made video.
We are still European. No racism here, we like to remain European.
Everyone is great
Timisoara ❤🇷🇴
Yeah , I was in Portugal 3 years ago, just returned from Brazil , and earlier this year visited Vietnam and Thailand ( best food there) , ..and few other countries ( see my handle :-) so I think I did learn “ my lesson” ,.. many times ;-)
And, my conclusion is quality food is VERY good indicator of good living
Economic powerhouse? Yeah....right. In Hungary - where I live - the median net salary is €800 a month. While the food, entertainment, cars, clothes etc. cost almost the same, or in many cases even more than in the richest countries. The entire country is owned by western corporations and they take out more profits than what the country receives from the EU in aids.
I work in finance for a multinational company in the capital, this would be a high income job in Western countries, yet I can't even afford to buy a 5 year old car with my €1k a month salary.
Easter Europe may not surpass all of Eastern Europe at once, but POLAND is on the way to level with the wealth adjusted for ppp with the UK.
I mean it’s due to the brexit, still…
western countries like Germany and France have their own set of challenges. Extrapolating of a growth margin will never do justice to the complexity of any states economy and political situation. Just look at the rising of the AFD in Germany or the riots in France. That are factors that no one can account for.
Europe is more complicated than that....there is Western Europe,,,Northern Europe...Central Europe..Eastern Europe..Balkan Europe..and Mediterranean Europe.....different history...economic-political..and way of life..value systems....
PPP doesn’t mean much. GDP PPP has in consideration home prices which may lead you to think it is a good thing to add but it really isn’t. A country’s economic stance is mirrored by its buying power in the international Market which cannot be measured by PPP terms only by regular GDP rating. You see prices in wealthier countries are higher because they can afford to buy high quality products on the market which lowers their PPP GDP rating but that’s not a bad thing quite the contrary…PPP doesn’t mean much…you can have a high GDP PPP but your economy be a third world country’s economy. For example India has a high GDP PPP because their products are very cheap yet their products are cheap because they can’t afford to buy high quality products on the international market unlike wealthier nations…you see the goal isn’t to have a high GDP PPP it’s to have a High regular GDP because the goal is for a nation to be able to raise its quality of life not to have cheap prices that correlates to low quality of life. A nations goal is to raise its quality of life not to have cheap home prices by not being able to provide high quality of life.
@@ricardomadleno564 In the long run the PPP numbers converge with nominal numbers. "High PPP but low nominal" combo means you can build infrastructure a lot cheaper locally, and your export is more competitive. If you don't mess things up, you'll typically grow faster than countries with ultra-high nominal GDP, and your currency will appreciate in the long run, pumping up your nominal GDP numbers.
@@fpsmeter not really. You see the moment your nation starts to get wealthier quality of life will raise but so will internal prices and PPP will reduce but Regular GDP will raise which is a good thing. PPP is not the goal my friend regular GDP is much more important. India has one of the highest GDP PPP but the nations is still a third world country with very low quality of life. A good example for you is China. China’s PPP is set to be reducing more and more because the nation is getting wealthier and buying higher quality and expensive products for its citizens but that’s not a bad thing quite the contrary what an economy wants is to be in a place where you can support buying expensive products on the international market and raise the quality of life in your country while continue to adding value to your nation(raise in regular GDP) rather than maintaining poor quality of life and a high GDP PPP. Always remember regular GDP is the goal not PPP GDP.
@@ricardomadleno564 Of course it's better to have high nominal GDP than PPP. All I was saying was, that high PPP GDP leads to high nominal GDP with time. The two numbers converge because local currencies appreciate in the long run if country is developing. South Korea is a good example, they had high PPP and low nominal GDP 20 yrs ago, but today both nominal and PPP are high.
Hi there I am from Romania. You say Cluj-Napoca and show images from Timisoara.... :( Talking about internet... and research.... :(
To answer your question: No, never, as-is the East will never surpass the West. The West simply won’t allow it. Obviously the percentage growth is bigger in the East, but going from 5 to 7 is not the same as from 100 to 102…. There’s a long way to go, but things should be getting better overall
As if the difference is 5 vs 100 (it's more like (60-70 vs 100 in many cases)
Obviously after the fall of iron curtain many formerly well established eastern European companies were bought by western companies (banking, food, heavy industries, infrastructure etc) and are now sending dividends to their mother companies in the west. East is making west even richer. I don't care about the eastern vs western EU. I care more about the clash of western democracies vs eastern authoritarian regimes.
Now tell us about the negative impact of EU controlling Eastern Europe. EU is the colony of the Globalist controlled USA.
Blaming the west is the easiest scapegoat to justify its weakness instead of doing something about it.
I really doubt the west is interested in making the life of Eastern Europeans more miserable or halt its progress.
The richer Eastern Europe is, the more profit western companies can make from business. It's win-win
@@SiranoxzAustria is currently robbing Romania off their resources 😂
Also it may be the case that some Eastern European countries will surpass the west in GDP in future. But bear in mind the limitations of GDP. It measures production, which is not the same as wealth. For example a german company (VW) might open a factory in Slovakia. The Slovakian GDP is increased. BUT, the R&D, the product development, and the wealth (equity ownership) is in Germany. The Slovakian s don't own shares in VW, they just work in the factory. Important to keep in mind.
yes, we should all use GNI/capita PPP international $
Just for your information Poland never was part of Soviet Union
Something about Baltic States please
Yeah, its kind of weird that he totally ignored and excluded baltic states from this video.
Balcerowicz is very hated here in Poland, people dont understand just how much he saved us
Poland is central Europe not eastern. Eastern is was in politics bloc. Flag Poland in the movie 9:10 is also wrong, red and white is Indonesia not Poland. Poland flag is up white color and down red color.
Everything east of germany is eastern europe!
@@HedgehogZone Check map or better read the geographic area
en.wikipedia.org/wiki/Central_Europe#/media/File:Grossgliederung_Europas-en.svg
actually everything west of western germany is eastern europe@@HedgehogZone
Slovakia is not 4 milion people, but 5,5
you are right! our bad!
@@EconomyTalkNews You a have a great many more errors in your video, including GDP figures. They are all severely out of date.
@serebii666 Thank you for the remark, we will make sure to correct and have data freshness
@@EconomyTalkNews How? You are out of touch with reality.
and where is the presentation of what is destroying the European Union?
Good work with this episode. I have just one complaint: you’ve got Balcerowicz spelled wrong.
It's not clear from your GDP data what sources you are basing it on and what methodology was used to calculate it, the numbers seem inaccurate. You answered the question of whether the former Central Bloc countries will catch up with the developed countries of Western Europe yourself in your post on subsidies. Subsidies increase GDP growth by one to two percentage points, so when the states receiving subsidies get closer to the EU average, the amount of subsidies drawn and their GDP growth will decrease. In most cases, these are states that are largely agrarian, most of them are still building industrial infrastructure, most of them produce low value-added products, and most of these states have subcontracting industries. For these countries to overtake the countries of old Europe, they would have to move to a knowledge-based economy. And therein lies the stumbling block. Only Slovenia, the Czech Republic and Estonia come close to the average results in R&D intensity, while the others lag far behind. Another problem is the quality of education. Only the following countries have universities in the TOP 500 of World University Rankings: the Czech Republic has three, Lithuania one and Estonia also one. Sweden, which could be comparable in population to the Czech Republic and in economic size to Poland, has eight universities in the TOP 500. There are a large number of indices for comparing economies, which are tracked in the EU using a uniform methodology. One of them is the Competitiveness Index. The Czech Republic, Estonia and Slovenia are the highest ranked countries in the competitiveness index. Most of the old European countries are ahead of them, only Portugal and Greece lag behind. For competitiveness, knowledge and quality of education and science one example: The Czech government and a consortium of Czech aerospace companies have announced a mission to the Moon with geological exploration to be carried out by the end of this decade. As such a mission is financially demanding, former Eastern European countries have also been invited to participate in the project. Only Estonia and Lithuania have signed up; the other countries have nothing to offer. Later, Poland also joined the project, but only with its financial contribution.
Another major constraint is and will be population decline. Lithuania, Latvia, Bulgaria have lost about 20% of their population since 1990, mostly young people of working age. Poland has lost the most population in absolute terms, to the countries of old Europe. The only country that has not reduced its population but has increased its population is the Czech Republic. People vote with their feet...
So if the countries of the former Eastern Europe want to catch up and overtake the countries of old Europe, they must reverse all these trends and many others. So far, there is no sign of this.
A positive fact is that Poland has a huge immigration inflow now. Not only from Ukraine and it started had before 2022. I would not belittle Poland's fast developing cosmos industry. Now the projects are usually run in international cooperation with Polish elements there. However, it is possible to launch individual Polish mission to the Moon in by the end of the decade. Also militarily Poland will be soon independent in space.
@@greycliffnative According to recent reports, migrants, including those from Ukraine, are moving further west, especially to Germany, which currently has the absolute largest number of migrants from the UA. The state of Poland's rapidly expanding aerospace industry was on display at the Paris Air Show 2023. Zero. No exhibitor from Poland. Polish industry recently boasted that some Polish-made sensor is being used by NASA and that there is a company in Wroclaw that makes microsatellites. You can't get to the moon with that. When the Ukrainian jet engine manufacturer, Motor Sich, was looking for a partner to produce jet and rocket engines, it found one not in Poland but in the Czech Republic. When Poland needed a military satellite, it bought one in France; the Czechs will start launching a set of military satellites of their own design next year, and future cooperation with Ukraine in this area, which has a decades-long head start in rocket engine development in the region, can be expected. Specifically, how do you envision Poland becoming SELF-sufficient in space technology?
Bulgaria not really a part of this economic boom, but thanks for including us by default 😂
Poland, Czechia and Slovakia are Central Europe son.
Therefore more accurate question would be;
“Is it possible for Central-Eastern Europe to become better than Western Europe?”
It’s not your fault. You got average education in your country.
And what is central western europe? the term seems very arbitrary.
they are all central Europe. Europe goes all the way to the Ural Mountains in Russia. Romania, Poland , Slovakia are all Central Europe. This UN classification is complete shit and has nothing to do with Geography
@@MalikMalikin-lb6tk an example of Central-Western Europe is Germany.
@@user-ex8kr2kj8e Central Europe mate, like pretty much the whole of Germany and Poland.
East Europe is more geopolitical then geographical term referring to the former Warsaw Pact states. As a Czech citizen, I don't like it either but understand it. It's like getting a stupid nickname in elementary school and still being called that by former classmates at a reunion 20 years later. :) History just happened and that's the way it is.
"access to fast internet" ... right, the government did that :) not the private citizens who in 2003-2004 broke the law and first connected illegally to each other in "rețele de cartier/neighborhood networks", then connecting those networks to the internet when there were enough people to pay for a commercial ISP connection ... the consumer ISPs were asking for 500USD/month for a 250kb connection.
I mean, you talk only about eastern EU countries, not eastern Europe as a whole. And btw. geographically Czechia, Slovakia and Poland are actually central Europe.
But ye, when you talk about "Eastern Europe" you usually refer to 'post soviet countries'. So you should also include Ukraine, Serbia, Belarus, obviously Baltics (you forgot they existed, huh?) and also Russia.
I know you make videos for American audience but cmon...
If slovakia is central then estonia is northern.
@@AmrodCulnamo1 en.wikipedia.org/wiki/Central_Europe
@@krowaswieta7944 en.wikipedia.org/wiki/Northern_Europe
@@AmrodCulnamo1 So you can clearly see that according to most of classifications Slovakia is considered central Europe (geographically) and according to only some Latvia, Estonia and Lithuania are considered Northern European (although native Balts are in fact closely related to Finns)
@@krowaswieta7944 I can see that most modern classifications do not even have a Central European category, and some, like the UN and EuroVoc put Slovakia in the Eastern Europe. What I can see clearly, however, is that Balts are only Latvians and Lithuanians en.wikipedia.org/wiki/Balts while Estonians are Finnic people :)
Who made the Poland’s flag at mins 9:10
some idiot
You should consider power purchase parity actually
The flag accuracy i this video is probably same as the factual one.
Czech per capital is not 18 000€, 30 000€ in 2023
None of those countries are "hosting" large numbers of uninvited immigrants with low or no skills. Neither do they allow work able people to claim "sickness" benefits as a career choice. Without these unproductive groups they already have a great advantage over decaying and more established economies.
You made an error on the map- Turkey is not EU
2:40 The Semeko store looks like late 70s, LOL. In early 90s most stores in EE were already with electronic cash registers and in late 90s almost all had credit card terminals. Since early 00's it's practically obligatory. Now in PL most markets (even small convenient stores) have self-checkout machines for clients and some stores are even maintenance free (AI will identify products you grab from the shelf and cash your credit card when you leave the store; works like similar stores in Japan and China).
3:49 Isn't this EU map a little over-optimistic? LOL
hungary-poland-che-slovak central eu...and transylvania...,,,,.other románia -bulgaria balkan......
Just tells you that European Union works and has done its job
Have you seen the salaries in East European Countries ? (4-5 times smaller then in West ) Have you seen the prices in East European Countries ? (3 times bigger than in West )
You’re out of your mind with prices 3 times higher than in the west.
Internet 1gb : romania 7 euros, Germany 30 euros.
Metro tariff per month: 15 euros bucharest, 100 euro Frankfurt/ Berlin.
Food is the same. Some cheaper in Germany, some cheaper in Romania.
@@wouldnt_you_like_to_know food is not the same, the price are bigger in Romania than in UK, believe me, I know ... the prices for the basic things are 3 times bigger: soap, detergent, toothpaste etc ... The price for energy is similar as in the UK ... Purchasing power is the problem: communist salaries and western prices. ;)
@@ionpopescu5415 colgate total 100ml in tesco = 3.2 pounds = 18.3 RON. In romania, the same is 14.8 RON.
golden delicious apples, uk = 1.7 gpb = 9 RON. in romania = 5 RON, maybe less at Lidl.
There are items more expensive in romania, like milk, but this is because of our stupid government.
@@wouldnt_you_like_to_know .... Tesco is expensive... go to Poundland: colgate = 1 pound, Nivea shower gel = 1-1.5 pounds (not 17 lei as in Romania), Dove soap (2 soaps = 1 UK pound, 1 Dove soap = 5 RO lei), Sunflower 2.25 UK pounds (it was 1 pound before the war in Ukraine), in Romania Ulei Bunica is 11 lei and it was 16 lei before the war, it has become cheaper because we have genetically modified plants from Ukraine (Romania is the second agricultural power of the EU after France, but without agriculture) ... and the salary is 500 euros in Ro, not 2000 pounds as in Great Britain. It's cold in the UK... so they import fruits and vegetables from Spain... WE MUST HAVE AGRICULTURE, why is 1kg of apples 5 lei (sure it's only 5 lei?), why not 50 bani /1 leu??!! Onions are 50 pence a kg in the UK (because they have onions), potatoes and cabbage have ridiculous prices (because they have their own production... they don't import Turkish cabbage at 5-6 times the price) ah, because in Romania the products are from PSICOPATH CORPORATIONS instead by local farmers...so stop propagandizing....how do you think anyone will believe this kind of videos when they live the reality??!! si pe romaneste: PENTRU CINE ESTE VRAJEALA DIN VIDEOCLIP ? pentru cine e prosteala asta ieftina ??!! si daca totul e atat de bine in Romania de o comparam cu UK ca nivel de trai, de ce sunt 8 milioane forta de munca pe afara si tineretul va pleca la prima ocazie ce i se va ivi ? pai daca e bine ... si atat de ieftin, si comparabil cu UK, eu zic sa ne intaorcem ... asa ca sa lasam prosteala
In Transylvania we earn more than in northern Italy now in 2023 and prices are lower than in northern Italy, so I guess depends where in Eastern Europe you talk about
9:40 The GDP/cap figures are simply incorrect. Czechia has as of 2023 31.368 GDP/cap nominal compared to France's 44.410 GDP/cap nominal according to the IMF. Your figures are seriously outdated.
Who the fuck says that Greece is western country!?
Czechia is located in Central Europe.
People still leaving
Long live Romania!❤❤❤🇷🇴🇷🇴🇷🇴
East Europe should create their own Schengen and quit the EU
we havnt been getting the funding from EU for a while now
It's not at all roses and sunshine like in the video... Being a romanian, the reality is a bit more "nuanced" (to be read as "tragicomical"). First of all, the goverment did nothing to encourage the IT sector at first because the ex communist politicians here didn't even understood what a computer is, other than a glorified and expensive typewriter. IT in 2000's Romania was a lawless western, with cables running across random buildings and streets, patches and duct tape, hacks and small one-man businesses that provided most of the networking across the country. Since Romania was so primitive, the existing telephone network was obsolete and too unreliable to be used for data transfer. Also, cable TV wasn't wide spread with most households still running an aerial antenna. So, while other western countries ran their internet network over existing infrastructure, Romania had to build a new one. That's the single most important reason for faster internet over western countries. A running joke around that time here was something like this: An american, a german and a romanian archaeologist meet at a convention. The american one "we dug a hole and found some copper wires. we concluded that americans had wired internet since 200 years ago. that's how advanced our nation is". The german one "that's nothing, we dug a hole and found some glass shards. we concluded that germans had fiber optics and fast internet since 400 years ago. that's how advanced our nation is". The romanian "that's nothing compared to us. We dug a hole and found nothing. We concluded that romanians had wireless internet since 2000 years ago. that's how advanced our nations is".
Anyway, government support for the IT sector was a thing only after the IT sector emerged on it's own, based on the need of western nations for cheap and relatively skilled workforce. To this day, IT in Romania is basically the "sweatshop" of IT jobs in general, with most of them doing repetitive and laborious jobs that aren't so desirable in the west. Even so, compared to other romanian salaries, IT pays better money and remains desirable as a career.
Funny thing is that although IT is regarded as big business here, it comes second after the real powerhouse heavy industry of romania. Even by official records made recently by ANAF (romanian's fiscal directorate) , "videochat" - (sexting, cam girls etc) is the main industry in romania by tax revenue collected to the annual budget. That's only the "legal" studios paid taxes. Romania is world's no 1 provider of such services, and by some estimates, including legal plus ilegal or otherwise clandestine "model studios" - videochatting accounts for 15-20% of GDP in Romania. That's more then heavy industries, turism and agriculture combined. IT accounts to some 8% and that's taken after all state subsidies and preferential treatment to this industry.