05/12/2019Authority holds a discussion conference dedicated to the World Competition Day on equal competition opportunities
On 5 December, the World Competition Day, the Competition Council of Latvia (the CC) organises a discussion event “Point of Contact: Competition”, which is dedicated to the competition opportunities of public administrative bodies – state, municipalities and capital companies owned by them – and private entrepreneurs, meeting in the business environment. On 1 January 2020, the amendments to the Competition Law come into...
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03/12/2019The CC imposes fine on one of the largest traders of building materials for non-fulfilment of the company obligation
On 21 November, the Competition Council of Latvia (the CC) adopted a decision, detecting that one of the largest Latvia’s traders of building materials SIA “DEPO DIY” has not provided full information upon request of the authority during investigation. The competition authority imposed a fine of 701 811 euros on SIA “DEPO DIY” for non-fulfilment of the company obligation.
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27/11/2019Consumers in Latvia have the most unfavourable pricing mechanism for medicines in the Baltic states
After conducted sector inquiry, the Competition Council of Latvia (the CC) has concluded – even when manufacturers in Latvia set lower prices for medicines than in Lithuania or Estonia, medicines may be more expensive for Latvian consumers due to the existing pricing mechanism. Therefore, the CC encourages the responsible institutions to develop a new mechanism, which would make reimbursable and non-reimbursab...
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