LATVIA may limit chains to 10% market share

Planet Retail 4 Feb 2009

The Latvian government has requested the Ministry of the Economy and the Competition Council to draw up proposals to limit the influence of the major retail chains in Latvia. Prime Minister Ivars Godmanis said that no retail chain in Latvia should have no more than 10% market share. The Economy Ministry and the Competition Council will have to prepare their proposals in a month's time and hand them in to the government. If this is done, it could have a major effect on Dutch Ahold Rimi and Lithuanian Maxima, presently the largest chain stores in Latvia.

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