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OWNER OF DELFI.LT WILL HAVE TO GET PERMISSION FOR A CONCENTRATION  FROM THE COMPETITION COUNCIL OR SELL THE SHARES OF LRYTAS

22 12 2023

The Competition Council recognised that the Estonian company Ekspress Grupp , which controls the news portal delfi.lt , violated the Law on Competition by acquiring the company Lrytas , which controls the news portal lrytas.lt , without notifying the institution and obtaining its permission.

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KONKURENCIJOS TARYBA AND PARTNERS FINISHED THE EU TWINNING PROJECT IN UKRAINE
23 02 2023

On February 22, 2023, the Lithuanian, German and Romanian authorities partnering under the EU Twinning project “Legal and Enforcement Support to the Antimonopoly Committee of Ukraine (AMCU)” met to discuss the results that they have achieved during the project implementation. Over 30 representatives of relevant authorities of Ukraine, including...

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OECD SUSPENDS PARTICIPATION OF RUSSIA AND BELARUS IN ORGANISATION‘S ACTIVITIES
09 03 2022

On March 8 the Organisation for Economic Co-operation and Development (OECD) decided to suspend the participation of Russia and Belarus in all OECD bodies, including the meetings of the OECD Competition Committee and its subsidiary bodies.

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STUDY REVEALED POTENTIAL FOR INCREASING SMALL AND MEDIUM-SIZED ENTERPRISE FINANCING
15 12 2021

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...

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MERGER IN HEALTHCARE SECTOR CLEARED SUBJECT TO COMMITMENTS
15 11 2021

The Lithuanian competition authority Konkurencijos taryba has cleared the acquisition of joint control of InMedica and, indirectly, MediCA klinika , Kardiolita , Bendrosios medicinos praktika and Svalbono klinika by the investment fund INVL Baltic Sea Growth Fund and the companies Litgaja and RP PHARMA on condition that part of the...

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BY RESTRICTING COMPETITION BETWEEN NOTARIES, MINISTRY OF JUSTICE PREVENTS CONSUMERS FROM PAYING LESS FOR SERVICES
08 12 2020

The Lithuanian competition authority Konkurencijos taryba has found the fixed and minimum rates of notary fees approved by the Ministry of Justice of the Republic of Lithuania to restrict the ability of notaries to compete on prices. Having failed to ensure the freedom of fair competition, the Ministry of Justice received a fine of EUR 43,000...

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LITHUANIAN COMPETITION AUTHORITY UPDATES RULES ON IMMUNITY FROM FINES OR THEIR REDUCTION AND ADOPTS RULES ON COOPERATION WITH EU COUNTERPARTS
31 07 2020

In relation to the amendments to the Law on Competition adopted by the Seimas, today the Lithuanian competition authority Konkurencijos taryba has updated the Leniency Rules and adopted the Rules on Cooperation with the EU Competition Authorities or Other Counterparts. 

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KONKURENCIJOS TARYBA APPROVES EXPLANATIONS CONCERNING THE ASSESSMENT OF A DOMINANT POSITION
08 04 2020

The Lithuanian competition authority Konkurencijos taryba has adopted the guidance indicating the main principles and criteria used when assessing if an undertaking holds a dominant position, as well as its position in the relevant market, i.e. market power. The Explanations concerning the assessment of a dominant position will enter into...

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EUROPEAN COMMISSION AND EU COMPETITION AUTHORITIES ENCOURAGE COMPANIES TO SEEK GUIDANCE ON COOPERATION INITIATIVES
30 03 2020

Businesses are currently facing particular challenges due to the coronavirus crisis, which may encourage companies to cooperate with each other in order to overcome the negative consequences to the benefit of consumers, for example by ensuring the supply of scarce products.

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KONKURENCIJOS TARYBA APPROVES WHISTLEBLOWER REMUNERATION PROCEDURE
28 06 2019

From July 1 persons who provide evidence enabling Konkurencijos taryba to detect anti-competitive agreements will be entitled to a financial reward. It is hoped that this will encourage the society to take a more active role in reporting to the Lithuanian competition authority cartels or other anti-competitive agreements entered into by the...

COMPETITION COUNCIL CLOSES INVESTIGATION INTO SWEDBANK  ACTIONS
13 06 2018

The Lithuanian Competition Council closed the investigation into the compliance of Swedbank actions with the requirements of the Law on Competition upon Swedbank submitting written commitments suitable for the elimination of the alleged competition law breach and creating preconditions to avoid it in the future.

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