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Competition policy

The strategic aim of the competition policy is to create conditions for free and fair competition in Latvia, by ensuring such legal and economic conditions that would guarantee not only attracting foreign investments and business activities in all economic sectors, but also the ability of Latvia to integrate efficiently into European Union.

The Competition Law determines the liability of the Competition Council. Tasks carried by the Competition Council are directed towards protection and development of the competition.

Press release

On 30 October 2009 the Latvian Competition Council adopted a decision in which it found that concerted practices among five distributors of Samsung appliances infringed Article 81 of the EC Treaty and the Competition Law of Latvia. The total fine imposed on the five companies amounted to € 9 423 161 >>>

Press release

On 29 September 2009, following an administrative agreement signed between the state owned company Riga International Airport and the Competition Council, the Administrative Regional Court dismissed the legal proceedings concerning the decision of 22 November 2006 of the Competition Council in which an infringement of Article 82 of the EC Treaty by the Riga International Airport was found >>>

Information

On 1 September 2009 entered into force Amendments to the Competition Law of the Republic of Latvia >>>