( August 13, 2026, 09:11 GMT | Official Statement) -- MLex Summary: Latvia’s State forestry business Latvijas valsts meži, or LVM, has been fined more than €7.8 million for granting an unjustified competitive advantage to six wood processors by continuing to fulfill long-term logging contracts, Latvia’s competition authority said Thursday. The conduct, which lasted more than six years, gave the companies guaranteed access to a specific quantity of roundwood outside public auctions, while other market players had to compete for timber at auctions. LVM must ensure equal sales conditions for all qualified bidders in future timber sales.Statement follows (in Latvian). ...
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