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Say ‘sorry’, dear bureaucrat
02.06.2009
The arithmetic of extortion

InterviewHere is a nice passage:“The prices are inflated… About 5-15% [of the procurement contract] is the sum that must

02.04.2009
Scary

Here is the latest addition from Edward Hughes. It's quite long and, as he says himself, not for the faint of heart. However,

02.02.2009
Back to the USSR?

At the moment, Latvian economy is not run like a firm and that, in my opinion, is a very good thing. However, some twenty yea

01.26.2009
X stands for exports

Article of Edward HughArticle of Vjačeslavs DombrovskisAlso, the government's stabilization plan is based on the projection

01.22.2009
A new epicenter of the crisis

Here is a link to a fascinating piece by Edward Hughes, some of which is reproduced here. What has happened in Ukraine is qui

01.06.2009
Latvia=Argentina?

Specifically, he said the following: As of today, my slogan is that Latvia is the new Argentina. Since some people (e.g. Secu

12.18.2008
“Nothing Special”: The Economic Crisis in Latvia
12.16.2008
Tax Evasion, Parex Style

Why did they do this? There are two likely reasons. First, I wonder whether smaller shareholders knew. The second, and more i

12.09.2008