Having conducted the annual impact assessment of its activities, the Lithuanian competition authority Konkurencijos taryba calculated that direct expected benefits to consumers over the period of 2018–2020 amounted to an average of EUR 19.3 million per year and exceeded the authority’s annual budget 8 times.
On October 21, 2020, the Lithuanian, German and Romanian competition authorities partnering under the EU Twinning project “Legal and Enforcement Support to the Antimonopoly Committee of Ukraine (AMCU)“ met to discuss the key priorities and results that they aim to achieve during the project implementation.
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.
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.
The consortium consisting of the Lithuanian competition authority, State Consumer Rights Protection Authority and the Austrian Federal Trade Authority, has been selected to implement jointly the EU Twinning project in Georgia.
Konkurencijos taryba was awarded a contract to implement the EU Twinning project in Ukraine. It will be the first time when Lithuania will implement the project in the role of the project leader rather than a junior partner.
Experts from Lithuania, Belgium and other countries finished implementing the EU technical assistance project which aimed to strengthen competition enforcement in Georgia. On 10 January up to 100 guests representing state authorities, business sector, academy and civil society attended the project closing ceremony in Tbilisi and summarized the...
Konkurencijos taryba found the companies Būsto aplinka and Mano Būsto priežiūra guilty of obstructing the authority‘s officials in carrying out inspection and obtaining documents relevant for the investigation. The companies were fined a total of EUR 1,074,416.
The Lithuanian competition authority Konkurencijos taryba and the German Federal Ministry for Economic Affairs and Energy successfully completed the European Union Twinning Project in Ukraine.
The Competition Council concluded that Vienna Insurance Group (VIG) properly implemented the remedies concerned with the divestiture of business related to international carriers‘ compulsory motor vehicle third party liability (MTPL) insurance in Lithuania.
Vilnius County Court acknowledged D. J. guilty of an attempt to bribe an employee of the Lithuanian Competition Council and sentenced him to a suspended sentence of two years in prison, as well as imposed a fine of EUR 7,532.
The Competition Council found that joint bids submitted by two Lithuanian construction firms UAB Irdaiva and AB Panevėžio statybos trestas (PST) restricted competition “by object”, in breach of Article 5 of the Law on Competition (national equivalent of Article 101 TFEU), as both firms could have bid separately. The fines imposed on firms...