NATO Chief: European Nations Must Boost Defense Spending
A whopping 70 percent of the total NATO budget is shouldered by the US, according to Deutsche Welle. Just four of the 28 bloc members — the UK, Greece, Estonia and Poland — have met the agreed-upon 2 percent military spending mark. Germany currently budgets about 1.2 percent of its GDP for military spending. Foreign Minister Sigmar Gabriel said the goal of spending 2 percent of the nation's GDP on military expenditures was not "reachable" or "desirable," according to Deutsche Welle, and…
New research commissioned by Ricoh reveals that European mid-sized businesses could be missing out on up to €5.7 million of annual revenues because of barriers that hinder their growth. With 75,000 mid-sized businesses across Europe*, the total missed potential revenue could amount to up to €433 billion – almost the same as the annual GDP of Poland.** [ ]
The number of hours worked is one thing, productivity is another. This is a chart comparing GDP per country per hours worked. In this instance, Slovakia rates higher than countries such as Poland and New Zealand, but sits well behind France and the Netherlands. How does your country compare?
Poland is the sixth largest economy in Europe and has enjoyed an average growth in their annual gross domestic product of 4.3% over the past decade. With a strong domestic market, low private debt and a flexible currency, Poland is the only European country to have avoided the financial recession in 2008.