Spending abroad

Lot of Slovaks visited not only before Easter shopping centers and groceries in Hungary, Czech Republic and Poland due to depreciation of their local currencies against Euro. It gained 10-30% against national currencies in last couple of weeks. Our banks reported up to 10x increase in payments with cards in these countries.

Reactions:

• Citizens usually tend to say: local stores should decrease their price and find savings in order to keep up with their counterparts in abroad.
• Local authorities say: we have 19% flat VAT compared to 7 or 10% VAT on groceries in Poland or Czech so there is the reason of higher price level in Slovakia.

Whether is the truth on one, or other side or somewhere in the middle one thing is indisputable: price of cars or real estate today compared to last year´s are much lower. This answers their earnings of 3,4 billions Euro for Volkswagen in H1 2008 or 183 mil. Euro for Immoeast (biggest CEE developer) in Q1 2008.

New Microsoft viral

Have you seen it?

It is aimed against Apple as continuation of the "I am a PC" campaign. It´s goal is to convince people that PC platform is cheaper and offers much wider range of products where everyone can easily choose according to his/her preferences.

Microsoft asked 2 people Lauren and Gianpaolo called as "laptop hunters" to get laptop as they want between 700 and 2000 USD. They were allowed to keep the laptops they selected plus the difference in money from what they had originally planned to spend and what they actually spent.

See Gianpaolo video


See Lauren video

There are more than 340 000 of Lauren and 500 000 views of Gianpaolo virals on YouTube today.

Campaign was again created by Crispin Porter & Bogusky. Reported The inspiration room.

Cultural difference

Our globe is getting more cross connected but there are still differences:

• When I was in Spain or Italy you know that the restaurants are empty until 8pm but full at 9pm. There is hardly a chance to get a seat without reservation in good restaurant. That is the time when people get from work and have a good time in usually larger company.
• When I was on New Zealand you know that after 8pm you hardly get a seat in restaurant and after 10pm it is impossible. That is the time, when people are at home or getting to bed that is why you should hurry to restaurants before 6pm there.

We in Central Europe are somewhere in between. Our dinner time is usually between 6-8pm. We are the golden average.

Fascinating pictures

You already may have seen these pictures but they still be amazing and thrilling:

- Nissan has announced plans to cut its Sunderland workforce by 1,200. Thousands of unsold cars are stored around the factory's test track:- Imported cars stored at Sheerness open storage area awaiting delivery to dealers:- The build-up of imported cars at the port of Newark, New Jersey:

Slovakia produces most cars per capita in the world. VW, Kia, Peugeot are produced here which makes automotive industry the biggest by contributing with 30+% into country´s GDP. With that we are strongly affected by the current economic situation. The situation is the same here at local car dealerships. Parking lots and also the grass lawn around are usually full of cars.

So what to do?
The local government decided to support new cars sales by financial contribution if someone decide to scrap his 10+ years old car. I don´t want to be too protectionist but this helped mostly to foreing producers as approx only 5% of all production ends on local market. Thanks God that "scrap funding" is introduced in more than 15 EU countries.