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You can't possibly compare Poland to Bulgaria with 1/8 Poland's GDP and 17% its population. For Bulgaria the Euro is completely fine, as the Lev has been pegged
by petre 1y ago
You can't possibly compare Poland to Bulgaria with 1/8 Poland's GDP and 17% its population. For Bulgaria the Euro is completely fine, as the Lev has been pegged to the Deutche Mark and later the Euro for ages. It's exports are basically raw materials and grain. Most of the other stuff they produce is sold domestically. I think I've only seen Bulgarian sunflower oil, mineral water, ketchup and pasta in stores outside the country. For a state with so feeble exports and a pegged currency it really doesn't matter, only adds up currency conversion fees. They might want to attract more tourism and investments.
- ingohelpinger 1y agonot true, almost the entire domestic production like veggies is exported and turkish, greece, dutch low quality stocks imported.
- petre 1y agoYes, but it's still agri products sold for pennies. Compare that to motor vehicles, car parts, furniture and sanitary hardware that Poland exports. Also, I never ate Shopska salad made with Dutch tomatoes in Bulgaria, even in restaurants outside of Sofia. I can tell the difference, they almost always served the good ripe stuff that has taste, not the watery green variety or the huge Greek tomatoes with air gaps inside.
- ingohelpinger 1y agofor penni's, because they are dumping the prices by importing crap, so the local producer cant sell his product on the domestic market.
- tmcdos 1y agoQuite true!
- szszrk 1y agoI find his view a bit polarized, but can't really see him comparing those countries at all. But if we talk about Polish-Bulgarian exchanges: Those two countries actually have more or less the same numbers of Euro spent on import and export between each other. Bulgaria doubled export to Poland in just 2 years. Food products are important, but Bulgaria also exports to Poland many metals, mechanical and electrical devices, pharmaceuticals... The biggest Polish import from Bulgaria in 2023 were almost a billion Euro on guns and ammunition. "Seeds and oily fruits" (whatever is the correct translation) were 20x less than that. - https://www.gov.pl/web/bulgaria/informator-ekonomiczny4 https://www.gov.pl/web/bulgaria/informator-ekonomiczny4
- weinzierl 1y agoBulgaria has a significant services sector. Not only tourism but it is a popular near-shoring destination for many western European countries, especially Germany.