Young people discuss the competition significance on the World Competition Day
On 5th December, the World Competition Day, the awarding ceremony at the Competition Council is attended by authors of essays, who participated in the essay contest for secondary school pupils and students “Progress starts where there is competition”, organised by the authority. In their essays, secondary school pupils and students provided their vision about the significance of competition in their own da...
Competition Authority celebrates 25th Anniversary of Promotion of Fair Competition in Latvia
On 16 November, during the anniversary conference on promotion of fair competition “Towards fair competition: past, present, tomorrow” former and the current chairpersons of the competition authority, representatives of the state and local governments as well as entrepreneurs discussed the achievements of application of the competition law over passed during 25 years and future challenges of the...
The CC applies binding conditions on acquisition of MTG Broadcasting AB
On 6 October, the Competition Council of Latvia (the CC) adopted a decision to approve UAB Bite Lietuva acquiring of companies of MTG Broadcasting AB Group in Latvia. The CC has applied several binding conditions on the merger to prevent possible harm to competition on the television programme wholesale market and advertisement placement market on television. Ac...
The CC imposes a fine to construction materials producers and retailers for a long-term price fixing
On 31 August, the Competition Council of Latvia (the CC) adopted a decision regarding prohibited agreements between construction materials retailers and imposed a fine in the amount of 5.8 million euro to SIA DEPO DIY, AS Kesko Senukai Latvia, and SIA Tirdzniecības nams Kurši. Before this decision administrative agreements were concluded with SIA Knauf and SIA ...
Injured parties finally have a facilitated possibility to claim for compensation for damages
On 5 October, during the final reading the Saeima adopted the amendments to the Competition Law regarding compensation of damages. Amendments provide that further on consumers, companies and other involved parties will have a simplified and more efficient possibility to claim damages from infringers of competition law. Amendments to the Competition Law...
The CC achieves change of provisions for placement of advertisements at public transportation stops
The Competition Council of Latvia (the CC) has imposed to the companies SIA Rīgas satiksme (RS), SIA Pilsētas līnijas (PL) and SIA JCDecaux Latvija (JCD) the legal obligation to change certain provisions of mutual agreements regarding placement of advertisements on public transportation stops of RS. The CC established that current provisions restricted access for competitors of JS...
At the same time with the increase of the market share of key pharmacy chains consumer choice decreases
The Competition Council of Latvia (CC) after sector inquiry into the regional retail market of medicinal products observes that during previous five years the key pharmacy chains have increased the number of pharmacies owned by them at the expense of individual or smaller pharmacy chains. Therefore, without change in the total number of pharmacies in Latvia, the market concentration has increased and the co...
The fifth Lawyers Forum takes place at the Competition Council
On 15 September, the Competition Council of Latvia organised the fifth Lawyers Forum, where experts of the authority met with lawyers and advocates in order to discuss the current events of the competition law. Upon increase of the importance of the economic analysis in competition cases, the annual discussion of professionals this time was broadened also with the topic of economics.
CC: high butter prices is the result of interaction between many factors
Considering the price increase of dairy products, in particular butter, during the last year, the Competition Council of Latvia (the CC) continues to follow the events on the dairy market. The CC has concluded that the amount of the butter price is determined by several reasons – the global trends, product cost increase during the processing due to limited availability of raw materials as well as mark...
Competition Council joins the state principle “Consult at first”
The Chairwoman of the Competition Council of Latvia Skaidrīte Ābrama has signed the cooperation memorandum regarding implementation of the principle “Consult at first” in the work of the Competition Council. The purpose of the principle is to improve cooperation between the authorities and entrepreneurs, in order to facilitate the fulfilment of requirements effective in the country and clear con...