Competition Council approves new Elvi store in Berģi, in former Sky premises

Latvia's Competition Council (KP) has issued a decision permitting the opening of a new Elvi store in Berģi, a locality near Riga. The store will be set up in premises previously used by a Sky supermarket.

The approval was granted to SIA Vita mārkets, a company operating as a franchisee of the Elvi retail chain. Details of the decision were published on the Competition Council's website.

Why regulatory approval is needed

In Latvia, changes to retail locations or the opening of new stores within certain trading networks can fall under the oversight of the Competition Council, which assesses potential effects on competition in a given market segment or area. The council reviews such applications and rules on whether the planned activity is permissible under competition law.

In this case, the council found no obstacles to opening the new Elvi store in Berģi and granted its approval to SIA Vita mārkets' plans.

The source report does not specify the exact address or the planned opening date.