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.
PERSONS PROVIDING SIGNIFICANT INFORMATION ABOUT INVESTIGATIONS ALREADY BEING CONDUCTED BY THE COMPETITION COUNCIL MAY RECEIVE A MONETARY REWARD
The Competition Council invites persons who possess information about the institution’s ongoing investigations in the dairy processing and coffee machine distribution sectors to contact its experts. Whistleblowers may receive rewards of up to EUR 100,000 for providing evidence and valuable information.
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.
APPROVAL GRANTED FOR A MERGER IN THE TRAVEL ORGANISATION MARKET
Businessman Neşet Koçkar will be allowed to acquire a 9.99% stake in Novaturas . Combined with the shares he already holds, his total ownership will reach 33.2%, enabling him to assume sole control of the company. The Competition Council has approved the transaction.
SWEDISH COMPANY RELATED TO VILNIAUS DUONA RECEIVES APPROVAL FOR TRANSACTION
The Competition Council has granted permission to Swedish company Lantmännen to acquire 100 % of the shares of the Finnish company Leipurin and, indirectly, 100 % of the shares of the Swedish company Kobia , Leipurin’s subsidiaries registered in Finland, Latvia, Lithuania and Estonia, as well as the Finnish companies LT HC One and LT...
CONCENTRATION PERMITTED FOR COMPANIES RELATED TO THE SALE AND PROCESSING OF WOOD
The Competition Council has granted permission to IKEA Forestry Investment to acquire 100% of the shares of Dasos LT Investment I and Kurzeme Timberland and, indirectly through the latter companies, 100% of the shares of Zemgale Timberland , Dasos LT Investment II and Euroforest 2 and to take sole control of these companies.
VEHICLE SPARE PARTS SUPPLIERS THAT PRETENDED TO COMPETE IN PUBLIC PROCUREMENT PROCEDURES ADMIT BREACHING THE LAW ON COMPETITION
The Competition Council found that the company Manado and the small partnership Parts Ready had formed a cartel in public procurement procedures for vehicle spare parts: they coordinated their actions and commercial offers, including the price of parts. As the companies admitted having violated the Law on Competition, their fines were...
KARINA KUČAIDZE-WENCEL HAS BEEN APPOINTED DEPUTY CHAIRWOMAN OF LITHUANIAN COMPETITION COUNCIL
The Chairwoman of the Competition Council, Jolanta Ivanauskienė, appointed Council Member Karina Kučaidze-Wencel as Deputy Chair effective January 15.
MONIKA RAŽUKAITĖ BEGINS HER TERM AS A MEMBER OF THE COMPETITION COUNCIL
Today, Monika Ražukaitė took up her position as a member of the Competition Council. She was appointed to the Competition Council for the tenure of six years by President Gitanas Nausėda, in accordance with the Constitution, the Law on Competition, and considering the nomination submitted by Prime Minister Inga Ruginienė.
AS LIETUVOS PAŠTAS PLANS TO CHANGE ITS PRICING, THE COMPETITION COUNCIL WILL NOT LAUNCH AN INVESTIGATION INTO THE COMPANY’S ACTIONS
The Competition Council has decided not to initiate an investigation into the possible abuse of a dominant position by Lietuvos paštas , having found insufficient evidence that the company may have breached commitments it undertook several years ago. Such an investigation would also not correspond to the institution’s enforcement priorities, as...
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.