06/08/2019The CC: the low consumer mobility does not facilitate competition among banks in attracting new customers
The Competition Council of Latvia (the CC) has concluded during the bank customers mobility market study, that majority of Latvian consumers consider switching of banks an expensive, complicated and time-consuming procedure. Therefore, consumers are not looking for more attractive offers in terms of price and quality. Whereas the low consumer mobility does not facilitate competition among banks in attracting new custome...
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15/07/2019The CC carries out unannounced inspection at two construction materials selling companies
On 10 July, the Competition Council of Latvia carried out procedural activities – unannounced inspection – at two construction materials selling companies. The authority performed investigation activities on the basis of suspicions regarding possible infringement of Section 11 of the Competition Law. The Competition Council has concerns that the companies involved have commi...
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08/07/2019Latvia is the third most active European Economic Area member state in terms of bid-rigging detection
The Competition Council of Latvia (the CC) is assessed as the third most active in bid-rigging detection among all jurisdictions in the European Economic Area (EEA), imposing fines in 11 bid-rigging cases in the period from 2016 to 2019 according to analysis carried out by the Policy and Regulatory Report (PaRR). The analysis conducted by PaRR shows, that in all EEA me...
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