No, such general view is not quite right!
Here in Serbia you can get PPL for 5000-5500 Eur. Serbia is JAR state, also you can proceed for your CPL and type ratings here (F100,B737,A320...). After all you can pay for line training with JAT airways (as I remember some 45US$ for block hour on B737). Currently there is many students from India here
Accomodation is very cheap...2-room flat in Belgrade can be rent for 200-350 euros a month. In some airfields inside Serbia they can provide you with room on field. You can pitch a tent or came with your motorhome if you like that kind of accomodation. Food is 100-200 euros per person...Inside Serbia living is more cheaper and without big city stress. Dont want to mention rivers, lakes and mountines. You can go rafting, fishing, drive bicycle and many, many more other things to do...Offcourse this are reasonable prices, you can allways get luxury variants if you like
My opinion is that Ukraine is just slighly better because they have preatier girls...
)
Only one caution, dont give all money in advance...and this is not because here you have tiefs, no, it is connected with world economic crisis...so many companies go down this days...it is the same all over the world.
Welcome