fuel

The war in Ukraine put many Eastern European countries, among them Hungary, in the hot seat. With the Western world providing strong financial and military support for Ukraine and emphasizing the unlawfulness of the invasion, the allies of Russia must reassess their relationship with Moscow.

The growing energy costs play an important role for the increase of the overall consumer price indices during the last couple months and threatens a maintenance of high inflation rates during the entire 2022.

Last week’s events give some hope that the deep crisis which has gripped Venezuela’s economy in the past few years could end, or at least that the country may head towards economic recovery soon. It is, however, worthwhile to again review the dimensions and the causes of the crisis.

Lithuanian Free Market Institute (LFMI) introduces a new periodical publication “Lithuanian Shadow Economy“. The publication provides data about shadow economy in Lithuania and more specific data and insights in alcohol, fuel and cigarette markets.