Latvia's competition council fines state forestry company LVM €7.86m
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- 🇱🇻 Latvia
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- On 13 Aug 2026 the Latvian Competition Council fines the state forestry company Latvijas valsts meži (LVM) €7,859,606.89
LVM must in future ensure equal sales conditions for all qualified bidders in the timber trade
The council accuses LVM of having created unjustified competitive advantages for six wood processors through long-term logging contracts: from 1 Jan 2020 to 28 Apr 2026 they received guaranteed access to a fixed volume of roundwood outside public auctions. The decision dates from 4 Aug 2026 and was announced on 13 Aug (LSM English, 13 Aug 2026).
Source: eng.lsm.lv ↗ · Archived copy ↗
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