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Today Karina Kučaidze has started her six-year tenure as a Council Member in the Lithuanian competition authority. She has been appointed by Gitanas Nausėda, President of the Republic of Lithuania, in line with the Constitution, the Law on Competition and upon the proposal of the Prime Minister Ingrida Šimonytė.
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.
The antitrust and competition law journal and news service Global Competition Review has conducted an annual survey of the world‘s leading competition authorities and for six years in a row gave the Lithuanian Konkurencijos taryba three stars out of five, placing it next to competition agencies from Sweden, Norway, Netherlands or Belgium.
As companies have temporarily suspended their business operations due to the Covid-19 outbreak, Konkurencijos taryba is struggling to receive information from businesses and informs companies that it may take longer than usual to implement the activities ascribed to it by the laws, especially merger control.
September 4 marked the start of a two-day Eastern European Competition Workshop in Vilnius. The event, which was organised by the U.S. Federal Trade Commission in partnership with the Lithuanian competition authority Konkurencijos taryba, gathered almost 50 competition experts from Lithuania, Croatia, Czech Republic, Estonia, Georgia,...
The Lithuanian competition authority Konkurencijos taryba acknowledged that the Estonian company Eesti Meedia , which did not receive the clearance of the acquisition of 100 per cent of AllePAL shares and which was obliged to take actions re-establishing the state prior to the merger or eliminating the identified competition concerns, properly implemented obligations set by Konkurencijos taryba.
The Lithuanian competition authority Konkurencijos taryba has cleared the acquisition of 100 per cent of the shares of UAB Nacionalinis bilietų platintojas by the Estonian company Baltic Ticket Holdings .
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.
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.
On August 23 the Competition Council cleared the merger whereby the Latvian company AS EuVECA Livonia Partners and the Estonian company AS LHV Varahaldus indirectly through Silver Screen Holdings UAB acquired 34,8 per cent of UAB Cgates Group shares and joint control together with the Estonian companies OÜ Polaris Invest and OÜ Com Holding .
The Competition Council found that UAB koncernas Achemos grupė implemented an unnotified merger by acquiring sole control of UAB Jūros vartai and AB KLAIPĖDOS LAIVŲ REMONTAS . For the infringement of the Law on Competition, the Council fined Achemos grupė EUR 54,700.
On July 25 the Competition Council cleared the acquisition of commercial real estate located at Gedimino pr. 20, Vilnius by UAB SPORTLAND LT