Suppliers to be protected against Unfair Commercial Practices
On 21 May, the Saeima adopted new Unfair Retail Practice Prohibition Law and related amendments to the Competition Law in order to balance interests of retailers and their suppliers. The law is designed to prevent food retailers from using their market power to apply exploitative requirements to suppliers. The new regulation prohibits the food retailers to set a...
12th Baltic Competition Conference held in Latvia
On 8 May, the Competition Council of Latvia hosted the annual regional 12th Baltic Competition Conference in Riga, the capital of Latvia. The conference was devoted to four topics: detection of prohibited agreements, merger and acquisition control, dominance and sectorial issues and communication, competition advocacy and strategic issues. The event brought together p...
Strong and fair competition - a pathway to economic growth
Riga, 7 May 2015 – The European Competition Day Conference on 7 May served as a platform to world’s leading competition law experts, representatives of EU competition authorities, Latvian entrepreneurs, representatives of NGOs and national administrative authorities, academics, judges and lawyers focusing on competition law to discuss the best solutions to ensure that competition policy makes the market...
Conference in Riga to discuss more effective competition protection
On 7 May 2015, the European Competition Day Conference will take place at the National Library of Latvia in Riga. It will bring together leading European and international competition law experts to discuss topics relevant to the EU Member States – tackling cartels, the co-existence of state and private enterprises in markets, and the lack of balance between the market power of retailers an...
Competition and Consumer Authorities draw Conclusions on Electricity Market Opening
The Competition Council (CC) of Latvia has concluded a sector inquiry into the electricity market, while the Consumer Rights Protection Centre (CRPC) has evaluated offers and draft contracts by electricity traders, as well as has received the first complaints from consumers regarding the opening of the electricity market in Latvia. The CC stresses – in ge...
The CC fines Fuel Dealers for Unnotified Merger
On 12 March, the Competition Council (CC) fined fuel dealers – SIA LUKoil Baltija R and SIA Akselss – for not submitting a merger notification timely. Both undertakings secretly operated as one undertaking since December, 2010, while a merger notification to CC was submitted only in early 2015.
The Competition Council Publishes Priorities for 2015
The Competition Council (CC) of Latvia has set its goals for the year 2015, prioritising ruthless fight against the most severe competition infringements, active promotion of the competition culture within society, as well as strengthening the capacity of the competition authority. This year, the CC will actively focus on promoting the competition culture in Lat...
The CC Fines Dealers of Volkswagen for 7.6 Million Euros
On 15 December, the Competition Council (CC) of Latvia imposed fines to official dealers and importer of Volkswagen cars in Latvia for taking part in a cartel. For at least five years undertakings systematically coordinated their participation in procurements, therefore distorting offers and denying opportunities to clients of Volkswagen to purchase such c...
The CC fines State owned Postal Service Provider
On 3 December, the Competition Council (CC) of Latvia fined postal service provider of Latvia – VAS „Latvijas Pasts” – for abusing its dominant position and discriminating competitors of its subsidiary undertaking SIA „Mailmaster”. The fine imposed to VAS „Latvijas Pasts” was set in the amount of EUR 12 000. U...
No Competition Infringements detected during the Euro Introduction in Latvia
Concluding the active period of the euro introduction in Latvia and collecting data of sector inquiries carried out by the Competition Council (CC) of Latvia, the CC states that recent introduction of euro currency within the Latvian market has not been accompanied by competition infringements. During the euro introduction, it can be difficult for consumers to follow price chang...