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Photo: JP Newell

Arktika - lielvaru ģeopolitisko interešu spogulis?  1

Author:Mārtiņš Vargulis

Globālās sasilšanas ietekmē - Arktika, kas līdz šim uztverta kā "mirusī zeme", kļuvusi par iekārojamu reģionu ekonomisko darbību izvēršanai. Īpaši iekārojami ir dabas resursi, kas neskarti gulējuši zem biezās sniega kārtas. Ko, iespējams, slēpj Arktika, un, kuras valstis jau sākušas cīņu par šo reģionu? Read

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On budget consolidation 2011 23

Author:Vjačeslavs Dombrovskis

There is much that could be said about the government's plan for budget consolidation. I could point that the share of tax increases in this consolidation package (about half) contradicts what government's pledge in its declaration (i.e. one third). I could point to how planned net increase in the employment taxes contradicts this government's numerous earlier statements of how doing so is unacceptable. Read

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How to achieve fiscal consolidation? 13

Author:Vjačeslavs Dombrovskis

Anyone dares to argue 'budget consolidation' is not one of the main challenges for the next two years? According to the Memorandum of Understanding with the lender, the budget needs to be consolidated by 800-900 million LVL over the next two years, probably 400 million LVL for 2011. Yet 'consolidation' is a term dreaded by the politicians. So far, no political party has unveiled a clear plan of how to achieve more reasonable levels of budget deficit. Read

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Who 'owns' the IMF program? 12

Author:Vjačeslavs Dombrovskis

I thought I'd take a short break from blogging to focus on my core work. Read

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Stimulus? What stimulus?! 7

Author:Vjačeslavs Dombrovskis

Hardly a day goes by without another politician, an expert, or a civil servant thoughtfully talking about how they would like to stimulate the economy. Read

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Latvia=Argentina? 4

Author:Vjačeslavs Dombrovskis

My colleagues who went to Paul Krugman's (2008 Nobel Laureate in economics) lecture at Stockholm School of Economics (the one in Stockholm) last Friday tell me there was a passage dedicated to Latvia. Read

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Tax Evasion, Parex Style 7

Author:Vjačeslavs Dombrovskis

According to "Nothing Personal" ("Nekā Personīga"), a TV3 show, Valerijs Kargins and Viktors Krasovickis, the ex-masters of recently nationalized Parex bank, each had a loan of 28 million LVL from Parex bank, which they then deposited in their own bank at an annual interest rate of 36%. This is a rather novel way to pay yourself a salary. Read

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Stupidity does not pay 3

Author:Vjačeslavs Dombrovskis

Now Latvia is truly famous. Read

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Why Parex? 10

Author:Vjačeslavs Dombrovskis

I didn't think it would be Parex. Of course, these are hard times for the banks, but… perhaps I was under the lingering impression of how deftly Parex had eluded the Russian crisis of 1998. Somehow I must have expected that Parex would emerge unscathed after this crisis. Oh well... Read