The Competition Council (Konkurences padome) is a regulatory authority in Latvia under the supervision of the Cabinet of Ministers, acting in accordance with competition laws and regulations. Established to promote fair competition, the Council oversees the marketplace to prevent unfair trading practices and encourages compliance with legal standards among businesses. It conducts investigations, evaluates market structures, and regulates behaviors that may distort competition, such as collusion and abuse of dominant market positions.

The Council also offers a range of services, including public consultations, anonymous reporting of violations, and educational resources aimed at enhancing understanding of competition law. They engage with various stakeholders, including businesses, non-governmental organizations, and the public, promoting an inclusive approach to policy development. Additionally, the Council provides assessments and recommendations on legal amendments and strategic initiatives to foster a competitive market environment. Their commitment extends to facilitating research, transparency, and collaboration within the EU and international networks, driving forward a culture of competition that benefits both consumers and the economy.