On 4 August 2026, the Competition Council of Latvia (CC) adopted its first decision finding an infringement of competitive neutrality since the relevant regulatory framework entered into force in 2020, finding that state-owned enterprise (SOE) JSC Latvijas valsts meži (LVM), by continuing to perform long-term logging contracts (IML), had conferred unjustified competitive advantages on six undertakings (the Decision). For the infringement, the CC imposed a fine of EUR 7,859,606.89 on LVM and…
On 4 August 2026, the Competition Council of Latvia (CC) adopted its first decision finding an infringement of competitive neutrality since the relevant regulatory framework entered into force in 2020, finding that state-owned enterprise (SOE) JSC Latvijas valsts meži (LVM), by continuing to perform long-term logging contracts (IML), had conferred unjustified competitive advantages on six undertakings (the Decision). For the infringement, the CC imposed a fine of EUR 7,859,606.89 on LVM and required it to ensure equal terms of sale for all qualified bidders in future timber sales. The CC found that, from 1 January 2020, LVM, by continuing to perform the historically concluded IML, guaranteed six wood-processing undertakings access to a…
