East European dynamos driving economic growth in EU: UN

[BlackRain]

East European dynamos driving economic growth in EU: UN

Dynamic east European economies are driving growth in the European Union this year and they should continue to outstrip the traditional west European economic powers into 2005, a United Nations report said Tuesday.

The mid-year economic survey by the UN's Economic Commission for Europe (ECE) said real gross domestic product (GDP) in the 25 member EU was set to grow by 2.2 percent in 2004 and 2.4 percent in 2005.

Those growth rates are largely fuelled by the performance of countries like Poland, Hungary, Slovakia, the Czech Republic and the Baltic states, which joined the EU in May, it added.

The eight new EU members from central and eastern Europe are set to achieve combined average growth of 4.5 percent this year and again in 2005, against two and 2.2 percent for the pre-enlargement 15 member states.

"In the early months of 2004, economic growth in the new EU members accelerated harder led by a strong economic upturn in Poland, and a continuing surge in economic activity in the Baltic region," ECE director of economic analysis Adbur Chowdhury said.

The new EU members are expected to continue to benefit from the general improvement in global and west European demand from imports, the survey said.

Former Soviet states in the Commonwealth of Independent States (CIS) are also thriving economically, partly thanks to the surge in oil and commodity prices.

"The CIS and eastern Europe continue to be important dynamos of global economic activity," Chowdhury told journalists.

Growth in Russia should reach seven percent in 2004 but tail off in 2005 to 5.7 percent, the UN predicted.

The survey forecast that fellow CIS countries Ukraine, Kazakhstan and Belarus should sustain high single-digit growth rates thanks to export demand for steel and manufacturing.

Source: http://www.eubusiness.com/afp/040720111352.r77jy7s5

[Kitsune]

The eight new EU members from central and eastern Europe are set to achieve combined average growth of 4.5 percent this year and again in 2005, against two and 2.2 percent for the pre-enlargement 15 member states.


Actually, this is as it should be. Otherwise the difference in prosperity between eastern and western European nations would increase and not diminish. And that wouldn't be that good in the long run.

[He219]

The irony is that the eight new EU members actually have an incentive for economic growth while the welfare recipients in pre-enlargement nations have become accustomed to it.

p-)

[Miles Teg]

Next destination for industries delocalisation is no more Asia but Eastern Europe.
Not so much delocalisation but all new factory implantation have its preference for Romania, Tcheque, Slovaquie...
I hope this will continue on the figure of positive commercial competition in EU.

[Herrmannek]

Calling us East Euopeans is :backhand: , we are in ****in middle of it, even weight centre of Europe is in Poland :)

[Pille1234]

East European dynamos driving economic growth in EU: UN

Dynamic east European economies are driving growth in the European Union this year and they should continue to outstrip the traditional west European economic powers into 2005, a United Nations report said Tuesday.

I'd say that was the intention for the quick EU enlargement. Good work EU!

[Miles Teg]

That's true that for a meaning center of Europe is in Poland.
But for me Eastern Europe begin after Poland.

And soon EU will be the center of the world :lol:

[He219]

Good job new EU dynamos!
;)

[Miles Teg]

And about Poland it is funny to see the forward idea of the common french about it :
One time i've said i was chatting on internet with a Polish girl.
And the first reaction of everybody is "They've got internet??!!".

Sincerely :| .

I'm apologize for them. :oops:

And I continue to make them realise there mistake with joke like :
"Yes! last year they receive there first color TV set, and maybe next year they will have Microwave Hoven !!!"

It's impressive how everybody here think Poland is an old and poor country (worst than the worst siberian village...).
But they need "only" 2 seconds to realise Poland or Hungary is a developped country like our.

Yes, funny! I hope this don't hitch you. ;)

[BlackRain]

And soon EU will be the center of the world :lol:

Perhaps in the 18th and 19th century.

[Miles Teg]

And soon EU will be the center of the world :lol:

Perhaps in the 18th and 19th century.

Not sure ;)

[Shadow]

That's true that for a meaning center of Europe is in Poland.
But for me Eastern Europe begin after Poland.

And soon EU will be the center of the world :lol:

On the most world maps Germany is in the center of the world.
So Europe is the middle of the World.

http://www.wellandmedical.com/images/worldmap.jpg

[Miles Teg]

Sorry. On this map I see Tchad or Lybia, in center of the world.

[cut]

Sorry to hurt your feelings Blackrain, but rapid growth of the new european countries is the whole point, that is why countries are so eager to join it. Most of the money that the western european countries put into the EU goes to improving the infrastructure of the new countries, which in turn brings trade and a larger share of the world markets to the EU. That's reason why we're in it, the plan is not to be so reliant on the US like we have been since the end of WW2.

[moughoun]

Sorry to hurt your feelings Blackrain, but rapid growth of the new european countries is the whole point, that is why countries are so eager to join it. Most of the money that the western european countries put into the EU goes to improving the infrastructure of the new countries, which in turn brings trade and a larger share of the world markets to the EU. That's reason why we're in it, the plan is not to be so reliant on the US like we have been since the end of WW2.

Exactly, an internal market of 470 million, and that's before, Bulgaria, Romania and a few other's join :) , although Turkey might be a step too far for some :|

[cut]

Sorry to hurt your feelings Blackrain, but rapid growth of the new european countries is the whole point, that is why countries are so eager to join it. Most of the money that the western european countries put into the EU goes to improving the infrastructure of the new countries, which in turn brings trade and a larger share of the world markets to the EU. That's reason why we're in it, the plan is not to be so reliant on the US like we have been since the end of WW2.

Exactly, an internal market of 470 million, and that's before, Bulgaria, Romania and a few other's join :) , although Turkey might be a step too far for some :|

Morrocco want to join as well. Morrocco and Turkey are already the most westernised arab countries, but they can't join yet, the likes of the french, the italians and austrians want a christian europe :roll: and the US and Israel would probably declare war on us if they did :roll: .

[moughoun]

Sorry to hurt your feelings Blackrain, but rapid growth of the new european countries is the whole point, that is why countries are so eager to join it. Most of the money that the western european countries put into the EU goes to improving the infrastructure of the new countries, which in turn brings trade and a larger share of the world markets to the EU. That's reason why we're in it, the plan is not to be so reliant on the US like we have been since the end of WW2.

Exactly, an internal market of 470 million, and that's before, Bulgaria, Romania and a few other's join :) , although Turkey might be a step too far for some :|

Morrocco want to join as well. Morrocco and Turkey are already the most westernised arab countries, but they can't join yet, the likes of the french, the italians and austrians want a christian europe :roll: and the US and Israel would probably declare war on us if they did :roll: .

I heard about Morroco,where do they want us to stop, South Africa, well atleast if we get that far the Nigerian's won't have so far to go to run their internet scam's p-)

[BlackRain]

Sorry to hurt your feelings Blackrain, but rapid growth of the new european countries is the whole point, that is why countries are so eager to join it. Most of the money that the western european countries put into the EU goes to improving the infrastructure of the new countries, which in turn brings trade and a larger share of the world markets to the EU. That's reason why we're in it, the plan is not to be so reliant on the US like we have been since the end of WW2.


You realize that EU is only providing a pittance of funding to the 10 new EU members right? Surely, this small amout of money set aside by EU does not accont for the large contrast between economic growth of the new EU members and the stagnant economies of the older socialist EU members.


Hungary, one of 10 new EU countries that joined the bloc on May 1, can tap into 5.4 billion euros (6.7 billion dollars) in EU-related funding destined from farmers to owners of small- and medium-sized enterprises (SMEs).

...

So far only a a fraction of the 5.4 billion euros in EU-related funds from 2004 to 2006 has been distributed, according to government figures.

[Pille1234]

Sorry to hurt your feelings Blackrain, but rapid growth of the new european countries is the whole point, that is why countries are so eager to join it. Most of the money that the western european countries put into the EU goes to improving the infrastructure of the new countries, which in turn brings trade and a larger share of the world markets to the EU. That's reason why we're in it, the plan is not to be so reliant on the US like we have been since the end of WW2.


You realize that EU is only providing a pittance of funding to the 10 new EU members right? Surely, this small amout of money set aside by EU does not accont for the large contrast between economic growth of the new EU members and the stagnant economies of the older socialist EU members.


Hungary, one of 10 new EU countries that joined the bloc on May 1, can tap into 5.4 billion euros (6.7 billion dollars) in EU-related funding destined from farmers to owners of small- and medium-sized enterprises (SMEs).

You realize that only a pittance of funding comes from direct socialist EU funds. The EU is providing easy and common regulations for foreign investments in the new member states. The whole idea of the EU is to allow high economy growth to the less developed countries to create a common market and a common (minimum) standard of living.
Of course if you wish to believe that commie old europe is going to die while a new europe emerges, who am I to disturb you in your dreams?

[BlackRain]

You realize that only a pittance of funding comes from direct socialist EU funds. The EU is providing easy and common regulations for foreign investments in the new member states. The whole idea of the EU is to allow high economy growth to the less developed countries to create a common market and a common (minimum) standard of living.
Of course if you wish to believe that commie old europe is going to die while a new europe emerges, who am I to disturb you in your dreams?

That was pretty funny actually.

A guy can dream can't he?

[tooms]

That was pretty funny actually.

A guy can dream can't he?

Actually, "Old" Europe is still far richer than the "New" Europe, but their economy grows fast, it's the goal and it's normal.

[perdurabo]

if you want to know the biggest part of our growth is not thanks to EU funds but thanks to taxes lowering now CIT is 19%, and growing export when duty fees to EU countries is now 0%, Also remember that we pay our full payment to EU, and our farmers dont get 100% of funds...

[perdurabo]

Actually, "Old" Europe is still far richer than the "New" Europe, but their economy grows fast, it's the goal and it's normal.
tooms our economy was growing fast before our joining thank you.
Also it will be stoped if Germany will pass standarization of taxes in EU.

[tooms]

Actually, "Old" Europe is still far richer than the "New" Europe, but their economy grows fast, it's the goal and it's normal.
tooms our economy was growing fast before our joining thank you.


I know, but it grew thanks to what? Economic relations between your country and EU.

[OB Kenobi]

Morrocco want to join as well. Morrocco and Turkey are already the most westernised arab countries, but they can't join yet, the likes of the french, the italians and austrians want a christian europe :roll: and the US and Israel would probably declare war on us if they did :roll: .

I don't think the French want a Christian Europe, they lean more towards secularism AFAIK.

[Herrmannek]

Actually, "Old" Europe is still far richer than the "New" Europe, but their economy grows fast, it's the goal and it's normal.
tooms our economy was growing fast before our joining thank you.


I know, but it grew thanks to what? Economic relations between your country and EU.

High price of dollar and Euro :)

[cut]

Morrocco want to join as well. Morrocco and Turkey are already the most westernised arab countries, but they can't join yet, the likes of the french, the italians and austrians want a christian europe :roll: and the US and Israel would probably declare war on us if they did :roll: .

I don't think the French want a Christian Europe, they lean more towards secularism AFAIK.

t'en sais quoi?

[cut]

Sorry to hurt your feelings Blackrain, but rapid growth of the new european countries is the whole point, that is why countries are so eager to join it. Most of the money that the western european countries put into the EU goes to improving the infrastructure of the new countries, which in turn brings trade and a larger share of the world markets to the EU. That's reason why we're in it, the plan is not to be so reliant on the US like we have been since the end of WW2.


You realize that EU is only providing a pittance of funding to the 10 new EU members right? Surely, this small amout of money set aside by EU does not accont for the large contrast between economic growth of the new EU members and the stagnant economies of the older socialist EU members.


Hungary, one of 10 new EU countries that joined the bloc on May 1, can tap into 5.4 billion euros (6.7 billion dollars) in EU-related funding destined from farmers to owners of small- and medium-sized enterprises (SMEs).

...

So far only a a fraction of the 5.4 billion euros in EU-related funds from 2004 to 2006 has been distributed, according to government figures.


that's just the money given to them, with ten new countries to spread it round it's not like it was with spain and portugal. There's a hell of a lot of investment going into those countries.

[martinexsquaddie]

of course the economys of eastern countries are going to grow faster there starting from a much lower point.
reach uk levels of GDP becomes much harder to have meteoric rise and possibly not a good thing as you get an overheating economy etc :|

[perdurabo]

of course the economys of eastern countries are going to grow faster there starting from a much lower point.
reach uk levels of GDP becomes much harder to have meteoric rise and possibly not a good thing as you get an overheating economy etc :|
nah we have central bank and money politics agenda they are doing their job fine, they main task is to keep złoty in stability. But UK is high and you have quite high growth, 4%?? or something like that, Germany and France has less than 2%.

about money moust of EU money until accesion where spend on projects like new roads, bridges, renowation of old buildings (castles, old city center etc) infrastructure(i worked with PhareCBC program, now afther accesion it will be InterReg). First money for farmers etc will be given in this year.