KEY RESULTS OF THE INSTITUTION’S 2025 ACTIVITIES PRESENTED AT THE SEIMAS COMMITTEE ON ECONOMICS AND INNOVATION
The Chairwoman of the Competition Council, Jolanta Ivanauskienė, presented the institution’s 2025 annual report at a meeting of the Seimas Committee on Economy and Innovation and answered questions from members of parliament.
THE EUROPEAN COMMISSION AWAITS EXPLANATIONS FROM LITHUANIA REGARDING THE ADOPTED AMENDMENTS TO THE LAW ON COMPETITION
The European Commission (EC) has officially contacted several Lithuanian institutions, informing them that the amendments to the Law on Competition, which entered into force on 1 May of this year and significantly reduce fines for violations of competition law, may be contrary to the provisions of European Union (EU) law. The institutions have...
AMENDMENTS TO THE LAW ON COMPETITION REDUCING FINES HAVE ENTERED INTO FORCE
On 1 May, amendments to the Law on Competition entered into force, reducing the base amount of fines imposed for infringements by half. In this context, the Government approved an updated Rules for Determining the Amount of Fines for Infringement of the Law on Competition.
SEIMAS APPROVED REDUCTION OF FINES FOR VIOLATIONS OF THE LAW ON COMPETITION
Today, the Seimas adopted amendments to the Law on Competition (the Law) prepared by business organisations, which halve the base amount of fines imposed on offenders.
INFRINGEMENT IDENTIFIED BY THE COMPETITION COUNCIL MAY DETER ALMOST HALF A HUNDRED POTENTIAL VIOLATIONS
The Competition Council's activities bring not only direct but also indirect benefits to consumers. The latter manifest itself through the deterrent effect of the institution's decisions, when companies, aware of the investigations being conducted and possible sanctions, refrain from illegal actions or cease them. Surveys of businesses and...
COMPETITION COUNCIL RECOMMENDS WAYS TO PROMOTE COMPETITION IN THE ELECTRIC VEHICLE CHARGING SECTOR
The Competition Council, after monitoring the electric vehicle (EV) charging sector, has issued recommendations to municipalities as well as the Ministry of Transport and Communications and the Ministry of Energy on how to promote effective competition and avoid possible negative consequences for consumers in the future.
COMPETITION COUNCIL STARTS ITS SUPERVISORY FUNCTIONS FOR DIGITAL MARKETS
Following the entry into force of the Law on the Supervision of Online Intermediation Services and Online Search Engines, as of 1 January 2025, the Competition Council will take on new supervisory functions for online platforms.
COURT: THE COMPETITION COUNCIL RIGHTLY DETERMINED THAT NOTARIES’ AGREEMENT RESTRICTED COMPETITION
The Supreme Administrative Court of Lithuania (Court) confirmed the findings of the Competition Council’s investigation, establishing that the Lithuanian Chamber of Notaries restricted competition among notaries and violated both the Competition Law and the Treaty on the Functioning of the European Union (TFEU). An expanded panel of judges,...
THE EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT WILL BE ABLE TO IMPLEMENT THE TRANSACTION
The European Bank for Reconstruction and Development (EBRD) will be able to acquire joint control of Green Genius International , a Dutch renewable energy company, together with its existing shareholders, Modus Grupe and MG NL Holding . The merger has been cleared by the Competition Council.
RELEVANT COMPETITION LAW ISSUES WERE DISCUSSED AT THE INTERNATIONAL CONFERENCE
Association activities and the regulation of digital markets were the focus of the traditional Baltic Competition Conference in Vilnius, which brought together competition law, economics and other professionals from several countries in the region.
THE COMPETITION COUNCIL AND ITS PARTNERS WILL IMPLEMENT A PROJECT ON DIGITAL MARKETS
The Competition Council, together with the Polish and Latvian competition authorities and the Organisation for Economic Co-operation and Development (OECD), will implement the European Union (EU) technical assistance project "Competition Market Study: Digital Sector – Poland, Latvia and Lithuania" to help ensure competitiveness in the digital...
THE COMPETITION COUNCIL INVITES TO THE INTERNATIONAL CONFERENCE TO DISCUSS ASSOCIATION ACTIVITIES AND THE SUPERVISION OF DIGITAL MARKETS
On 12 September, the Competition Council will host the traditional Baltic Competition Conference (BCC), where professionals from the fields of competition law, economics, and other areas will discuss current issues in competition policy, with a particular focus on the regulation of association activities and digital markets.