Unbearable Prices in Eastern Europe
Eastern Europe keeps suffering from the economic disturbances around the world. The most recent shock is the increasing oil price that hit the region with increased petrol prices. Most of the households in the region denied to be able to afford petrol at these prices any longer and demanded their governments to take reasonable measures in order to maintain the affordable price limit over fuels.
The most damaged economy from the fuel prices increase was Bulgaria. The country is now suffering from extortionate prices of fuels where gasoline and diesel fuel are reaching 1.25 Euros per liter. Compared to the income of most of the households, such a price would have a devastating effect over the consumers in the country. Even hybrid cars will not make great difference to the people since the prices are nearing limits that have never been suspected as reasonable in the region.
Other economies such as Greece and Romania were also severely hit. The countries'economic problems coupled with the opportunity for oil to increase in price made it almost unbearable for people to travel with their own cars. Public transportation prices, however, are also increasing and thus inflation is quickening in the region.
For states such as Serbia and Macedonia the price change is even more severe because such countries are not even within the EU. Thus they cannot receive EU law protection and cannot trade oil from the EU without paying tax.
Thus the overall situation resembles an oil crisis not seen before – the demand for petrol products have decreased in times and the ability to purchase of the consumers has reduced with almost 7% overall by the increase in the prices.
Similar Posts:
Marketing Your Business With Facebook PPC Ads : Chances are if…
Marketing strategy and its requirement : Like the battle…
3 Key Factors Affecting Foreign Rates : 1. Interest rates….
Home equity release-a good option? : Currently many old people…
Comments are closed!