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.
THE COMPETITION COUNCIL APPEALED THE COURT'S DECISION REGARDING THE AGREEMENT BETWEEN PHARMACEUTICAL COMPANIES
The dispute over whether the Lithuanian Pharmaceutical Association (LPA) and its members were justifiably fined for entering into an anti-competitive agreement is moving to the Supreme Administrative Court of Lithuania – today, the Competition Council submitted an appeal outlining the reasons why it is requesting the annulment of the decision...
COMPETITION COUNCIL WILL CONSIDER APPEALING THE COURT‘S RULING ON THE PHARMACIES’ AGREEMENT
The Regional Administrative Court issued a ruling yesterday on the contested decision of the Competition Council, which had established that pharmaceuticals companies entered into an anti-competitive agreement between.
PARLIAMENT APPROVES AMENDMENTS TO THE COMPETITION LAW
Today, the Seimas has adopted amendments to the Law on Competition related to the consultative function of the Competition Council and the procedure for the collection of fines and interest to the state budget in cases when the decision of the Authority is appealed to the court.
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.
THE COMPETITION COUNCIL AND PARTNERS HAVE SUCCESSFULLY IMPLEMENTED THE EU TWINNING PROJECT IN GEORGIA
To mark the end of the two-year European Union (EU) Twinning project in Georgia, the final event of the initiative was held in Tbilisi. It was attended by representatives of the Lithuanian and Austrian institutions that implemented the project, including experts from the Competition Council, the beneficiary – the Georgian Competition and...
TECHNICAL ASSISTANCE PROJECT COMPLETED IN KOSOVO WITH THE ROUNDTABLE DISCUSSION
To mark the end of a nearly five-year European Union (EU) technical assistance project in Kosovo, an EU-initiated roundtable was held in Pristina. It was attended by representatives of the authorities responsible for the implementation of the project, including experts from the Competition Council, the beneficiaries of the project – the Kosovo...
FOUR PRIORITY SECTORS UNDER THE COMPETITION COUNCIL'S SPOTLIGHT
The Competition Council has decided to focus its attention on the energy, health (including pharmaceuticals), retail trade and digital markets sectors in 2024.
Today, the Seimas has adopted amendments to the Law on Competition and the Law on Local Self-Government, which allow municipalities to enter into in-house contracts with the companies they control and to transfer the management of municipal real estate to them without a competitive procedure.
Today, the Parliament of the Republic of Lithuania, the Seimas, approved amendments to the Law on Competition, which aim to create conditions for more effective enforcement of competition and state aid rules in Lithuania. Among the most important changes, is the rules on recovery of unlawful and/or incompatible with the EU internal market state...