Latvian Egg Producers Appeal Against Fines

by 5m Editor
28 July 2006, at 12:00am

LATVIA - Egg producers in Latvia are appealing against fines imposed on them for allegedly operating a cartel agreement concerning egg prices, according to Baltic Business News.

A previous appeal against the fine to the Supreme Court by the Balticovo egg producer, which said that no price cartel existed, was unsuccessful.

Latvia's Competition Council said that 11 Latvian egg producers were operating the cartel, and fined them the equivalent of 1.5 per cent of their annual net turnover each.

The fines ranged from LVL646 (USD1,161) to LVL26,729 (USD48,057); the highest fine was imposed on Balticovo.

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