You can't go wrong with a Yamaha Pacifica, although you'll pay closer to €250 - the build quality is consistently excellent and the 112J is extremely versatile. Harley Benton (Thomann's house brand) offer a very wide range of guitars at under €200 with shockingly good specifications, but the quality control is a bit more patchy, so I'd suggest getting a guitar-playing friend to look it over or paying a local guitar store for a setup.
If you're just practising at home, the Positive Grid Spark 40 is an astounding bargain at under €250. It sounds great out of the box with a simple interface, but connect the app and you've got near-endless tonal options and tons of really useful practice features. It also does double-duty as a good Bluetooth speaker. Spend a little over €250 on something like the Fender Mustang LT50 or the Boss Katana 50 and you've got a versatile modelling amp that'll just about keep up with a drummer in a rehearsal room.
Seconding Harley Benton and the Positive Grid. I bought an HB-35 B Stock (a return) and a Positive Grid Spark Go (I'm a bedroom player atm). With setup, the whole thing set me back 350 USD.
A Harley Benton or similar guitar paired with a 100 Euro audio interface plugged into a computer that runs Neural Amp Modeler has been the perfect setup for me https://www.neuralampmodeler.com/
My experience is that amp simulators sound pretty close to a valve amp, but they don't feel and react to your playing like one. This may or may not matter to you. That said, you are never going to be able to turn up loud enough to get the sound in an average apartment, and digital works better for me volume
I own some Fenders and Gibsons, but over the last couple of years, Harley Benton produces very good guitars that are very affordable.
I have one of their telecasters, and it’s on par with a squier or a cheap fender, provided that you get it set up properly.
When I got to that cheap telly, I initially had planned to replace the pick ups, but guess what, the stock pick ups are good actually.
For amps, that strongly depends on your personal taste, but usually you go used. For example, if you’re into metal, you can get Peavey ValveKings for low $, they just require a good speaker. There are also several cheap clones available. YouTube has you covered with demos.
Also, digital amps have become good enough, even those software only, for example GarageBand.
You just need some audio interface.
The amp is based on the Monoprice Stage Right 15W which is a clone of the Laney Cub 12R which is losely inspired by the Vox AC15. So you get a decent 15W tube amp with a real spring reverb for 260 Euros. There is not a lot with that amount of bang for the buck out there.
If you're playing in a loud band it might be a little underpowered, but it is perfect for playing at home, and if you want it to be any wilder than it is, just use pedals in front of it.
That's a solid amp for the money, but IMO you get even more bang for your buck if you can snag a used Boss Katana 50. Loud enough to play in a band, hundreds of possible tones, excellent software for recording and customizing tones while plugged into your PC.
Not sure about the amp, but the Yamaha Pacifica I have is decent. It's been used in a stage show successfully (not played by me), and the artist was very happy with it.
If you're just practising at home, the Positive Grid Spark 40 is an astounding bargain at under €250. It sounds great out of the box with a simple interface, but connect the app and you've got near-endless tonal options and tons of really useful practice features. It also does double-duty as a good Bluetooth speaker. Spend a little over €250 on something like the Fender Mustang LT50 or the Boss Katana 50 and you've got a versatile modelling amp that'll just about keep up with a drummer in a rehearsal room.