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Ceturtdiena 21.06.2018 | Name days: Monvīds, Egita, Emīls
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CRPC: many violations noted in current euro-lat price calculation in Latvia

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUThere are currently many violations noted in Latvia in regard to parallel euro-lat price calculation, says head of the Consumer Rights Protection Centre (CRPC) Baiba Vītoliņa.

In her interview to LTV, she said that the most often violations currently noted in regard to euro-lat prices revolve around errors in conversion, price rounding and not mentioning prices in euro in general.

She admits that violations are even noted in companies that are part of the Fair euro adopter initiative.

On the other hand, she believes the total number of violations gradually reduces. There were many more violations at the beginning of October (when it was a must to have all prices shown in euro and lat at the same time).

No punishments have been dealt to any entrepreneurs so far. However, if violations are noted again, penalties will be presented.

BNN had previously reported that October 1 marks the beginning of a parallel price period in Latvia. All prices for goods and services are to be presented in euro and lat at the same time. This is done so that Latvians get used to the new currency.

Price recalculation is to be carried out according to the currency rate established by the European Council: 1 EUR = 0,702804 LVL.

Traders and service providers are allowed to choose a solution that is most suitable to them. Latvia plans to adopt euro with January 1, 2014.

Ref: 102.109.109.9334


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