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Post by Jaga on Oct 26, 2007 20:28:08 GMT -7
It is not only that US dollar is getting weaker. Soon, Australian dollar will be stronger than US dollar! But Polish zloty is becoming even strong compared to British pound. Poles who work in GB have relatively less money in Poland to spend than before. This is thanks to the fact that Polish economy is growing twice as fast as British!
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Post by Jaga on Oct 28, 2007 18:41:06 GMT -7
I just wrote about strong Polish currency and here - the article came with google news about it: property.timesonline.co.uk/tol/life_and_style/property/overseas/article2737176.ecethis article also talks about people who make profit by buying property, they actually cause sometimes more problems, since they cause the property prices to go very high.... Look after the zlotysPoland has had one of the best-performing economies – and property markets – of all the former communist countries in recent years, despite the often controversial policies pursued by its ruling twins – Jaroslaw Kaczynski, the prime minister, and his brother Lech, the president. The defeat of the brothers’ right-wing Law and Justice party in last Sunday’s election by the more free-market, pro-business Civic Platform party, looks set to give the economy a further boost. Donald Tusk, expected to the country’s new leader, has said his priorities are cutting bureaucracy, limiting the role of officials over state-controlled firms and introducing a new flat rate of income tax – which should make the country more attractive to property investors. .... Antony Tilney’s property portfolio reads like a Ryanair departure board: Katowice, Cracow, Brno – name any of those eastern European cities that few of us can pronounce properly, let alone have ever visited, and the former IT consultant has either already bought property there or considered doing so. Since May 2004, when he acquired his first flat in Prague, Tilney, 38, from Farnham, Surrey, has snapped up no fewer than 32 investment flats in the new European Union member states. The properties, from Latvia in the north to Cyprus in the south, cost him a total £2.7m (of which he has £2m worth of mortgages). “I’ve got 10 in the Czech Republic, 10 in Poland, two each in Slovakia and Latvia, three in Romania and five in Cyprus,” he says, pausing as he struggles to remember the location of one of his more esoteric purchases – a glance at his spreadsheet reveals it to be Swinoujscie, a Polish port town near the German border. “If I sold them now, I would get about £3.3m. But they’re my pension. I’m hoping that in 10 or 20 years’ time, they will have tripled in value.” Tilney, who gave up his job to concentrate on his portfolio, bought his most recent property in Katowice, in southern Poland, in June, but is not planning further large-scale acquisitions, as he is at the limit of what he can manage on his own. “I’m not thinking of buying another 10 any time soon, but I will probably pick up the odd one here or there,” he says. Taking advantage of the knowledge he has built up, he is offering an advice service to other would-be investors. His tips: parts of Poland, the Czech Republic and Romania. ... The Polish market is one of the strongest in eastern Europe – and it might just have got better
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Post by leslie on Oct 29, 2007 2:47:00 GMT -7
Jaga Sorry for late comment. I increased the value of something I had the other week - no problems as I only had to increase it from nothing!! ;D Leslie
In case Pawi reads this, it is only a joke.
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Pawian
European
Have you seen my frog?
Posts: 3,266
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Post by Pawian on Oct 29, 2007 3:05:34 GMT -7
Jaga Sorry for late comment. I increased the value of something I had the other week - no problems as I only had to increase it from nothing!! ;D Leslie In case Pawi reads this, it is only a joke. OK< I reqad it and now I know I should know it is a joke hahahahaha.
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Post by Jaga on Oct 29, 2007 23:27:20 GMT -7
Polish market is 7th best market to invest in the world! Here is more info: The lure of Poland Ernst & Young’s “Europe’s Investment Attractiveness” report for 2007 shows that Poland is the world’s seventh most attractive country for foreign investors. For the second time in a row, Poland is the leader in terms of new work places. In 2006, direct foreign investments generated 211.373 new jobs in Europe and 31.115 in Poland. Jerzy Bojanowicz notes however that even though Poland regained its second place among countries most attractive for industrial production investments (after China and ahead of India, USA and Germany) it is still not being perceived as a country attractive for investments in research and development. But that is changing as shown by the following developments.[...] www.polishmarket.com.pl/index.php?p=/current_issue/&a=15369
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Post by valpomike on Nov 27, 2007 8:45:21 GMT -7
Jaga,
I think it is 2.43 today, and that is good, for the Polish. Some people here say, our money now does not go as far. I say, good for the Polish, things are getting better each day.
Michael Dabrowski
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Post by Jaga on Nov 28, 2007 13:49:38 GMT -7
Michael, they are talking about possible inflation in Poland since the food prices are getting higher. So that means that Polish zloty may not be that strong anymore. Referring to America, the loss of value of dollar is worrisome. here is an article in Forbes magazine about it: www.forbes.com/afxnewslimited/feeds/afx/2007/11/27/afx4375784.htmlWARSAW (Thomson Financial) - Rising food prices could feed into underlying inflation pressures in Poland in the environment of growing wages and high commodity prices, Gazeta Wyborcza daily quoted the central bank's deputy governor as saying. '(Food prices) could cause second-round effects ...,' Krzysztof Rybinski said in an interview. 'Because the monetary policy council cannot have an impact on food prices, it must reduce the core inflation and this could be difficult,' he said. ....
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Post by valpomike on Nov 28, 2007 18:52:29 GMT -7
Jaga,
This is not what I get, in my every day E-mail from friends and family around Poland. Things for them, they say, are getting better. Again, I don't allways belive the press. I asked people living there. Be carefull what you take for fact in the news.
Michael Dabrowski
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kanga
Freshman Pole
Posts: 39
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Post by kanga on Dec 11, 2007 17:36:03 GMT -7
Jaga, I think it is 2.43 today, and that is good, for the Polish. Some people here say, our money now does not go as far. I say, good for the Polish, things are getting better each day. Michael Dabrowski Michael unless people earn more money nothing can be good for the average Polish person, keep in mind standard items including gas and electrity are always going up. One has to pity pensioners or people who are without a job. Michael you friends may be doing it o/k in Poland as one has to agree that the rich in Poland are getting richer.
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Post by valpomike on Dec 11, 2007 17:41:19 GMT -7
Kanga,
I hear that the price of food is going down, and many other things also. I just want what is best for the Polish people. I have family in Poland, who are well off, but I also have friends in Poland, who work very hard for everything they have. They the poorer ones are the ones who told me things are getting better for them.
Michael Dabrowski
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Post by valpomike on Dec 12, 2007 8:49:21 GMT -7
Kanga,
Check one of the other spots, shows cost of food for a family in several places, one is Poland. Have you ever been to Poland, within the past few years?
Michael Dabrowski
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Post by Jaga on Dec 12, 2007 10:26:57 GMT -7
Hi Kanga,
welcome back in the forum. How is life going in your part of the world? In Australia you have a beginning of summer now?
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Post by valpomike on Dec 12, 2007 18:43:19 GMT -7
Kanga,
Check out the site that Jaga put on Food Around the World.
Michael Dabrowski
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kanga
Freshman Pole
Posts: 39
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Post by kanga on Dec 12, 2007 19:24:56 GMT -7
Hi Jaga, Our summer stared on the 01/11/2007, our friends in Poland are experiencing a cold winter.. It just struck me that in Oz we have a mild winter, no snow (only in the mountains) The thought of wearing gloves, overcoats, boots and head gear just frightens me. We had a change of government which his still pretty aligned to the US, but which wants to do more with regard to "climate change" hmmm. The Aust$ is loosing a bit to the Polish Zl, so it is not so attractive to visit Poland.. We are seeing more Polish trade delegations visiting us, wanting to do more trade. Nothing like living on a continent, no neighbors, just put your feet up, relax and enjoy. I must say most of the news in the US we get on our TV's, although we get very little news of what is happening in Poland.
see ya
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Post by Jaga on Dec 12, 2007 20:19:58 GMT -7
Kanga, thanks for an update! Yes, I did hear about a change in goverment. The same happened in Poland. The new Polish and Australian governments are not that Bush-friendly anymore. I am glad to see that Australia also got into the global warming issues more. Maybe Australian dollar is weaker than Polish zloty (still for me hard to believe, since I am reading a Polish book published in 1994 for 60,000 zloty , but it is getting stronger against dollar probably! I talked to my brother yesterday, the snow was gone in Krakow, Poland. But we have a nice snow here in Idaho and a very cold weather (down to -20C).
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