The Lithuanian competition authority Konkurencijos taryba has found that the Lithuanian Pharmacy Association (LPA) and 8 pharmaceutical companies agreed on the margins of reimbursable medicines. The infringement of the Law on Competition and the Treaty on the Functioning of the European Union resulted in more than EUR 72 million in fines.
On 14 and 15 November the 18th Baltic Competition Conference was held and this time it was dedicated to the 30th anniversary of the Competition Council of Latvia. In the conference the special attention was paid to involvement of public administrative bodies - state and local governments – in business, as well as challenges of competition law of...
Today the Lithuanian Government adopted a resolution approving the description of the procedure for setting fines for infringements of the Law on Competition. A more detailed regulation of the methodology for setting fines, which will apply from 1 May 2023, will result in fewer preconditions for disputes in courts concerning the amount of fines...
The competition law journal and news service Global Competition Review, which conducts an annual ranking of the world‘s competition authorities, gave the Lithuanian competition authority Konkurencijos taryba three stars of five for eight years in a row. Competition authorities from Belgium, Latvia, Poland, Switzerland and some other countries...
On 6–9 September experts from the Armenian Competition Protection Commission participated in a study visit to the Lithuanian competition authority Konkurencijos taryba, as well as to other institutions, and got acquainted with their activities and practice of international cooperation.
Today the Lithuanian competition authority Konkurencijos taryba has refused to clear the merger whereby the Estonian company Piletilevi Group acquired 100 per cent of the shares and sole control of the Lithuanian ticket distributor Tiketa. The authority found that the merger created or strengthened a dominant position or substantially...
On March 30 the Supreme Administrative Court of Lithuania (Court) has approved settlement agreements between the Lithuanian competition authority Konkurencijos taryba and the companies Jadrana and Pasvalio melioracija in which EUR 18,720 and EUR 151,430 respective individual fines assigned to the infringers for a cartel agreement have been...
The study of the Lithuanian businesses’ understanding of the rights and obligations established in the Law on Competition has revealed that although many interviewed companies are aware of the main competition law principles, there is a lack of knowledge about the application of certain law provisions, liability for infringements and the...
The Lithuanian competition authority Konkurencijos taryba has found that the companies Sanitex , Sotėja , Selnera , Maistulis and Egilėja rigged their bids, including the price, in public procurements for the purchase of food products organised by or for the benefit of educational institutions and social service providers. Since the firms...
More targeted state aid measures, the reduction of administrative burden for small and medium-sized enterprises (SMEs), more information on alternative financing opportunities and enhanced financial reporting of enterprises – these recommendations and measures of their implementation have been presented by the Bank of Lithuania and the...
The Lithuanian competition authority Konkurencijos taryba found that the Lithuanian Basketball League ( Lietuvos krepšinio lyga – LKL) and 10 basketball clubs concluded an anti-competitive agreement when they decided not to pay basketball players salaries or other financial remuneration for the rest of the season after the termination of the...