About the Authority
The Competition Council, by ensuring effective competition in markets, creates benefits for consumers and contributes to faster economic development.
Competition is the cornerstone of our market economy. The pressure created by competition encourages suppliers to offer their goods or services to consumers at better prices, improve quality, and develop new products. Competition provides businesses with an incentive to innovate and introduce new products that help attract new customers and enter new markets. The Competition Council seeks to ensure that the principle of fair competition is not violated – that businesses and public entities do not unjustifiably restrict competition.
The Competition Council is an independent state institution accountable to the Seimas. In carrying out its assigned functions, the Competition Council makes decisions autonomously and independently of political and other external influence, without seeking or accepting instructions from state institutions or any other public or private entity, and refrains from any actions incompatible with the performance of its functions and the exercise of its powers.
VISION – to have a significant impact on the Lithuanian economy by increasing market competitiveness and consumer welfare.
A contribution to building a stronger economy is meaningful when it is tangible – not only in the short term but also in the long term – as well as relevant – responding to the needs of society – and understandable –properly explained, revealing the content of competition rules and the importance of compliance.
MISSION – to safeguard effective competition for the benefit of consumers.
VALUES:
- Value creation;
- Professionalism;
- Cooperation.
GOALS:
- To create benefits for consumers and/or increase market competitiveness by applying competition rules;
- To increase understanding of the benefits and rules of competition;
- To improve operational efficiency and enhance competencies;
- To strive for a high level of digital maturity.
.png)

.png)
