Lithuania among Least Expensive Countries in Europe

Published: 4 August 2009 y., Tuesday

Apsipirkimas
Results of the latest price survey by Eurostat show that Lithuania is on the list of the TOP 10 least expensive countries in Europe.

Eurostat’s survey revealed that price levels in 2008 differed widely across Europe: Northern European countries tend to have the highest prices while the south-eastern European countries have the lowest prices. Southern and central European countries tend to show price levels closer to the EU average.

In Denmark consumer prices appeared 41% higher than the average of the 27 EU Member States, while in the Former Yugoslav Republic of Macedonia prices are 53% lower than this average. Among the EU Member States, the cheapest country is Bulgaria (49% below the average).

Food and nonalcoholic drinks are most expensive in Denmark and cheapest in Bulgaria. Taxes on food, alcohol and tobacco across the bloc's 27 states are highest in Ireland and lowest in Romania. Regarding clothing prices, Britain is the least costly and Finland is the most expensive. Prices for consumer electronics are lowest in Britain and highest in Malta. Hotels cost the most in Denmark and the least in Bulgaria.

Eurostat examined prices of 2500 consumer goods and services across 37 European countries (27 Member States, the three Candidate Countries (Croatia, the former Yugoslav Republic of Macedonia and Turkey), three EFTA countries (Iceland, Norway and Switzerland) and four Western Balkan countries (Albania, Bosnia and Herzegovina, Montenegro and Serbia).

The results of the surveys are expressed in "price level indices" (PLIs), which provide a comparison
of countries' price levels with respect to the European Union average: if the price level index is higher than 100, the country concerned is relatively expensive compared to the EU average and vice versa, if the price level index is lower than 100, then the country is relatively cheap compared to the EU average.

10 Least Expensive European Countries:

1. Macedonia
2. Bulgaria
3. Albania
4. Bosnia and Herzegovina
5. Serbia
6. Montenegro
7. Romania
8. Lithuania
9. Poland
10 Slovakia

10 Most Expensive European Countries:

1. Denmark
2. Norway
3. Switzerland
4. Ireland
5. Finland
6. Iceland
7. Luxembourg
8. Sweden
9. France
10. Belgium

 

 

Šaltinis: www.lda.lt
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Taxation: Removing cross-border tax obstacles for EU citizens

Today, the Commission published a Communication which outlines the most serious tax problems that EU citizens face in cross-border situations and announces plans for solutions. more »

State aid: Commission opens in-depth investigation into Hungarian support measures for national airline Malév

The European Commission has opened a formal investigation under EU state aid rules to examine a number of support measures, including several capital injections and shareholder loans, that the Hungarian authorities granted to Malév-Hungarian Airlines in the context of its privatisation and subsequent renationalisation. more »

Fake Chinese products spread

Internet and lax customs enforcement drive growth of 600 billion US dollar counterfeit goods industry. more »

Report: millions escape poverty

350 million people rose out of poverty in the past decade, but 1.4 billion are still extremely poor, says the latest report into rural poverty. more »

Getting more people into better jobs

New plan sets out action to reach 75% employment target for the EU by 2020. more »

Innovation Union: three new European research infrastructures on wind, solar and nuclear energy announced

Research Ministers of the EU Member States and Associated Countries, together with the European Commission, are announcing in Brussels today three new pan–European energy research infrastructures. more »

Commissioner Šemeta visits Moscow to strengthen EU-Russia customs cooperation

Algirdas Šemeta, Commissioner for Taxation, Customs, Audit and Anti-fraud, is visiting Moscow today to discuss ways in which customs cooperation between the EU and Russia can be reinforced. more »

ECB must go on participating actively in tackling the economic crisis

Following on from Monday's debate with ECB President Jean-Claude Trichet, MEPs on Tuesday adopted a resolution, by a show of hands, gauging the ECB's performance in 2009 and suggesting actions to be taken in view of the economic situation. more »

Parliament approves aid to unemployed people in the Netherlands

The European Parliament today approved €10.5 million in European Globalisation Adjustment Fund aid to over 3,000 people in the Netherlands who lost their printing and publishing sector jobs last year, due to the economic crisis. more »

France unveils Taj Mahal gold coin

A diamond-studded gold coin engraved with a picture of the Taj Mahal and worth 100,000 euros is unveiled at the Paris mint. more »