The Lithuanian competition authority Konkurencijos taryba has decided to close the infringement proceedings into an alleged anti-competitive agreement between the firms Vilniaus energija and Bionovus (its successor was First Opportunity , a company registered in Estonia and later liquidated), in the biofuel market.
Konkurencijos taryba found that the company Neste Lietuva infringed the Law on Advertising by spreading misleading advertising claims about Neste fuel. The company was fined EUR 8,688.
Konkurencijos taryba cleared the acquisition of 69 per cent of UAB Pusbroliai shares and sole control by the Netherlands-based company Genopas B. V.
The Supreme Administrative Court of Lithuania agreed to renew court proceedings concerning an anti-competitive agreement on the biofuel market as requested by the Lithuanian competition authority Konkurencijos taryba.
Šarūnas Keserauskas, Chairman of the Competition Council (hereinafter – the Council), presented the authority‘s achievements of 2015 to the members of the Cabinet.