Saeima passes Amendments to the Competition Law
On 12 May, Latvian Parliament – Saeima – adopted in final reading amendments to the Competition Law that significantly modernizes competition protection in Latvia. Amendments to the Competition Law provides the Competition Council (CC) of Latvia with rights to improve the effectiveness of its operation, prioritising cases and assessing whether an of...
The CC: Public Procurements of Construction lack Control by Commissioning Authorities
The Competition Council (CC) of Latvia has concluded a sector inquiry to analyse co-operation forms of construction merchants within public procurements. The competition authority concludes that information included in tenders is rather formal, while control over performers of construction work by commissioning authorities – insufficient. The current regu...
Entrepreneurs evaluate Positively the CC’s Examination of Mergers
The Competition Council (CC) of Latvia has summarized entrepreneurs’ and lawyers’ evaluation of the merger control implemented by the CC and the existing regulatory framework in Latvia. Conclusions from the evaluation allowed the CC to identify the most significant difficulties respondents face while drafting merger notifications. In 2014 and 2015,...
The CC spots Unseized Opportunities to Reduce Prices of Medical Services
In the context of a sector inquiry into the market of medical services, the Competition Council (CC) of Latvia identified gaps of sector regulation and governance that distort competition and hinder price reduction and increase of service availability. Due to regulations by the Cabinet of Ministers there have been set unjustified and nearly unfeasible requireme...
Mr. Hitrovs takes up his Duties as a Council Member
On 24 March, Mr. Valentīns Hitrovs, the newly appointed member of the Competition Council (CC) of Latvia, begins to perform his duties. On 9 February, Mr. Hitrovs was appointed by the Cabinet of Ministers. Until the appointment, Mr. Hitrovs was the deputy director of the Legal department of the CC. In total, Mr. Hitrovs has an eight years long work experience a...
The CC takes a Close Look at the Dairy Market
The Competition Council (CC) of Latvia has recently concluded market study and sector inquiry into the dairy market in Latvia. Both researches provided the CC with an in-depth insight into the price changes within all phases of the market, as well as with knowledge of common factors that affect dairy market situation as whole. Data of both researches did not show any indications on possible competition law...
Mergers Examined by the CC: Analysis of the Recent Years and Future Trends
Over the past two years, the Competition Council (CC) of Latvia examined 32 mergers and six notified cooperation agreements within a total of 24 industries, thus, affecting the competition development in a segment of the economy of 3.8 billion. The CC drew such conclusions after analysing situation in markets in which the authority examined mergers and notified agreements in 2014 and 2015.
CC creates Public Benefits 52 Times Higher than its Funding
The Competition Council (CC) of Latvia has summarized its operational results of 2015, as well as for the first time in its history has estimated financial influence from the averted and prevented competitive harm. The calculation shows that over the past three years the CC has created benefits averagely in the amount of 51 million per year. Thus, each euro from the state budget for the CC’s operation...
Facts and Conclusions on the Competition Protection in Latvia of 2015
The Competition Council (CC) of Latvia has gathered operational results and the most significant conclusions on the competition supervision in Latvia of year 2015. Overall, in 2015, the CC disclosed eight competition law infringements, for which 29 undertakings were imposed with fines in the total amount of 1 042 440 EUR. During the last year, fines in the amount of 1 052 0...
Priority for 2016: Equal Competition as both Private and Public Responsibility
According to the analysis of the results of last year’s work and to market topicalities in Latvia and worldwide, the Competition Council (CC) of Latvia has set its priorities for 2016. Among other significant priorities the CC has named taking actions against market distortion...