On Tuesday, September 8, the government approved Juris Gaiķis as new head of Competition Council, State Chancery said in a news release.
Gaiķis was selected for the position after a three-stage selection process.
According to LETA’s archive, Gaikis has a Master’s Degree in Law from the University of Latvia.
The main aim of the Competition Council is to ensure free and fair competition in commercial practices as well as to promote competition development in all sectors of national economy for the benefit of all society. It has the power to sanction businesses for unfair practices such as running a cartel or price manipulation.
As previously reported, former Competition Council head Skaidrite Abrama stepped down as the Competition Council head in April. Abrama has been in the position since June 2012. She was approved for a second term in the office in 2017 but left with a parting shot saying long-overdue reforms were still needed in Latvia’s commerical and regulatory world.
A first competition to find a replacement failed, with no suitable candidate emerging.