The Competition Council of Latvia (the CC) adopted in total 26 decisions in the last year, where infringements of the Competition Law were detected in five cases, thus imposing fines on eight companies. Previously imposed fines in the amount of EUR 445 613 were paid into the state budget in 2018. Bid-rigging – one of the main problems in the competition...
On 18 January, the Competition Council of Latvia (the CC) imposed a fine of 32,200 euros on OÜ “MM Grupp”, a company registered in Estonia, which is the owner of the Latvian news agency SIA “LETA”. During the assessment of merger notification of OÜ “MM Grupp” and SIA “LETA”, the Estonian company did not provide the CC with essential information about extensive recruitment of employees from the segregated companies...
On 17 December, the Competition Council (the CC) took a decision to prohibit SIA MAXIMA Latvija (MAXIMA) to use the commercial premises in the centre of the capital Riga, at Tērbatas iela 33/35. The CC established that the planned transaction would significantly reduce competition on the relevant market, limit the possibility of consumers to purchase daily consumer products in stores of bigger number companies and...
