The Latvian Competition Council fined a professional association for coordinating prices and exchanging price related information (Eggs Cartel)

On 20 December 2004, the Latvian Competition Council imposed a LVL 45,451 (€ 64,671) fine on 11 egg manufacturers in Latvia for coordinating egg prices and exchanging price related information. The facts In March 2003, a newspaper in Latvia published information regarding the decision of AS ‘Balticovo', a leading chicken egg manufacturer in Latvia, and the recommendation of the Latvian Eggs Association (‘Association') to increase egg prices. The Competition Council's subsequent investigations showed that there were eight meetings of the Association between July 2002 and May 2003. In their responses to the Competition Council's inquiries, several egg manufacturers expressly admitted that decisions to increase price were adopted at these meetings in order to deal with the fierce

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  • Mittal Investments (London)

Quotation

Mikus Buls, The Latvian Competition Council fined a professional association for coordinating prices and exchanging price related information (Eggs Cartel), 20 December 2004, e-Competitions December 2004, Art. N° 14766

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