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Tuesday 28.01.2020 | Name days: Spodris, Kārlis

Competition Council applies a fine of EUR 700 000 on Depo

Latvia’s Competition Council has decided to apply a fine of EUR 701 811 to construction materials trader LLC Depo DIY, as reported by CC representative Paula Vilsone.

Kundziņsala overpass construction splits Riga Freeport authority over cartel case

Last week, Riga Freeport authority decided to sign a contract worth nearly EUR 40 million on the construction of Kundziņsala transport overpass with companies that have ties with people involved in the so-called construction cartel case, as reported by LTV programme De Facto.

Construction sector’s illness: 51% of companies are aware of unofficial payments

Cartels are not a sudden appearance in Latvia, it is a phenomenon that has been swept under the rug for a long time, as experts explained at the «Competition in business: influence of cartels, lobbyist activity and black PR» discussion organized by Turība University.


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