Competition Council finds cartel in Latvia's funeral sector
Latvia's Competition Council will hold a press conference on Tuesday, 20 October, on a decision that found a cartel in the funeral industry. Companies have been fined a combined total of more than 47,000 euros.
The Competition Council (KP), the Latvian authority that oversees fair competition in the market, will hold a press conference on Tuesday, 20 October. It will present its decision establishing that a cartel operated in the funeral sector, which is a breach of competition law. The companies involved have been fined more than 47,000 euros in total.
What is known about the decision
The announcement says the decision concerns the funeral industry and that the penalty was imposed on companies. The figure given is the combined amount of the fines, which exceeds 47,000 euros. The announcement does not say how the sum is divided among the companies.
The press conference
The Council will explain the decision and provide further details at the press conference. KP chair Ieva Šmite will attend.
What is not yet known
The announcement does not name the fined companies, describe how the cartel operated or say how long the violation lasted. These details may be given at the press conference. For now, three facts are clear: a violation has been established, it concerns the funeral sector, and the total fine exceeds 47,000 euros.
