Lowest cost for bicycles in Europe?

[ACoyne]

Is there such a thing as a country in Europe with the lowest cost for bicycles?
Just baseline price, I'm not considering delivery costs.

 

[vickster]

Bosnia is much cheaper than most other European countries based on what I observed last week, GDP much lower, so I’d assume bicycles would cost less. Not EU though so no idea what the import costs would be
Any Eastern European country would be cheaper than a Western as a rule