Baltic boozers give Latvian economy a boost

Financial newswire Bloomberg published a story January 23 outlining how Latvia's budget revenues are being given a considerable boost courtesy of Estonians and others stocking up on alcoholic drinks thanks to disparities between rates of duty paid in neighboring countries.

"Shoppers driving relatively short distances are able to head home with carloads of beer, wine and spirits," the report says, describing the Baltic states as "home to the world's biggest drinkers."

Indeed the lure of Latvia liquor is so great that increasing numbers of hard-drinking Finns are now travelling the considerable distance from Helsinki to the Latvian border to stock up, as previously reported by LSM.  

 

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