If Seim unreasonably restricts the opportunity to freely do business, we will turn to the Constitutional Court, said in an interview with agency LETA the chairman of the directorate of retailer SIA Rimi Latvia Valdis Turlais.He expressed the opinion that the government’s understanding of how retail trade is insufficient, because the amendments to the Law “On the Prohibition of Unfair Trading Practices”, adopted by the Cabinet of
Ministers, and the justification and motivation are contradictory. Reminder, that the government’s legislative bills have still to be passed by the Seum. While this Turleys noted that the one package of legislative bills combines three different themes to make more correct relationships between suppliers and traders, more Latvian goods in stores and reduced prices.
But this will not resolve all problems. “If you evaluate what this could come out of this, then nothing
good will come out,” Turlais said. In a interview he emphasized that government interference in the free market would in the long-term prospect would only harm.
Turlais believes that the state has no reason to intervene, because the argument of the possibility of intervening in an emergency situation is not applicable to the current state of doesn’t>apply. At the same time Turleys noted that though in Eastern Europe the prices of products are higher, than in the rest of
Europe, Latvia is not the first, but the sixth place. “In Lithuania and Estonia the price increase was even higher in the period from 2015 to 2024 year, ” he emphasized. Commenting on the fact that the Lithuanian government has raised the issue of the high cost of food and has decided to create a createThe Institute for continuous monitoring of
price dynamics, Turlais indicated that the creation of the Council
in Lithuania and the regulation of the trading price in Latvia are “two different planets”. The Maxima Latvija was also criticizing the government legislative projects. It was reported earlier that Rimi Latvia in 2023 operated with turnover
of 1.076 billion euros, which is 4.7% more than the year ear ear earlier. With this profit of the company increased by
5.8%to29.09millioneuros.The companywas registeredinJanuary1992year,itsauthorizedcapitalis5millioneuros.The soleownerofthecompanyisregisteredinSwedenRimiBaltic.The companyhasRimiBaltic.
