This paper examines the inflation experience of the EU new member states (NMS) since 2000, with particular focus on the three Baltic countries – Estonia, Latvia and Lithuania. Apart from being a natural focus of interest for residents of these countries it appears that their recent inflation...

This report analyzes concentration in the grocery retail market in the three Baltic countries: Estonia, Latvia and Lithuania. The markets (including some comparator Eastern and Western European markets) are analyzed using two standard measures: the Herfindahl Hirschman Index and the four firm...

The paper investigates whether the evidence suggests that a broadband package on the lines of the Obama package in the US or the Digital Britain initiative in the UK could be an appropriate instrument in recession-hit Latvia. The idea would be to use the opportunity of the recession to create a...

What a difference a year makes. Our previous report, from June 2007, focussed on overheating of the Latvian economy and rising inflation. Now, some 14 months later, the Latvian economy has entered recession as measured by two consecutive quarters of seasonally adjusted GDP decline. At the same...

This investigation addresses the issue of what truth there is behind the widespread belief that too few Latvian produced food products are available in Latvian shops. Using some simple concepts from economics we construct a number of empirical indicators that permit international comparisons to...

This report is the second in an annual series produced by BICEPS and SSE Riga on macro policy issues. The 2007 report is again on inflation but this time focusing only on Latvia. The inflation problem in Latvia has not gone away and if anything has intensified since early 2006 to the extent that...

The recently published guidelines for the medium term development of Latvia’s tax system (Nodokļu un nodevu sistēmas attīstības pamatnostādnes 2011-2015” have for the first time introduced social fairness (socialais taisnīgums) as an explicit goal of Latvian tax policy. Social fairness...

This study attempts to estimate the economic burden of tobacco smoking in Russia and hence to identify in money terms the economic benefits of smoking reduction in Russia.