According to Engel's law, as the household income increases, the share of income spent on food decreases. In Poland, this share has stabilized at a relatively high level in recent years despite rising household incomes.
Estonian energy company, Eesti Energia takes over renewable energy developer Nelja Energia. The value of the transaction is EUR289m. The Baltic States’ electricity systems will be connected to the Continental European Network (CEN) via Poland by 2025.
Poland has been one of the most important bicycle manufacturing countries in Europe for years. Hungary may become a competitor, as Giant Bicycles is set to invest EUR15m in a 22-hectare E-bike production facility in Gyöngyös.
The average price per hectare of arable land in the European Union varies from as little as EUR 1,165 to as much as EUR108,000. Land is the cheapest in Bulgaria, in south of Sofia, and the most expensive is near Genoa, Italy.