Poland is the cheapest country in the region after Ukraine according to research

The research was conducted by examining the prices of a basket of goods in different cities across the whole world. In the third quarter of last year, prices in Poland, Hungary, the Czech Republic and Slovakia were more or less equal. " Now, the situation has changed. The zloty has remained in the background in terms of appreciation in relation to other currencies in the region. Besides, the inflation rate in Poland is very low. As a result, Poland became the cheapest country," said Mateusz Szczurek, chief economist with ING Bank Śląski. Additionally, the zloty can still gain in strength, reaching an exchange rate with the Euro of zł.3.5. "The largest potential is in mortgage loans. Today, the value of mortgage debt in Poland is 6% of GDP. Meanwhile, in Ireland or Portugal it is in excess of 50%. Calculating this per capita, in Poland it amounts to EUR280, while the average in the EU is EUR12,000," said ING BSK analyst Bartosz Pawłowski,. (Puls Biznesu, p. 6 ; Parkiet, p.8) A.K.