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Company briefs

Nov 11, 2009

Latvia’s Competition Council has imposed a record-breaking fine of 6,222,635 lats (8.8 million euros) on five companies distributing Samsung Electronics electronic equipment in Latvia for running a cartel, says the organization’s public relations officer Inita Kabanova, reports LETA. The largest fine was imposed on Samsung representative Samsung Electronics Baltics, in the amount of 4,099,942 lats. RD Elektroniks was fined 1,442,524 lats; Elkor Trade with a 541,920 lats fine; Rota un K, whic ...

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