EU Competition Commissioner Margrethe Vestager will come to Vilnius next week to meet with Lithuanian leaders after the European Commission on Monday imposed a fine of almost 28 million euros on Lietuvos Geležinkeliai (Lithuanian Railways, or LG) for breaching the bloc’s anti-trust rules. […]
Lithuania’s Prime Minister Saulius Skvernelis disagrees with the proposal made by their coalition partners, the Social Democrats, to lower the value-added tax (VAT) tariff on food products, saying that the step would not lower prices. […]
Communication with other parties is creating a new political tradition and a new political culture. The Prime Minister Saulius Skvernelis told LRT radio when asked about possible tensions in the coalition. According to him, the […]
Lithuanian Health Minister Aurelijus Veryga has lifted the requirement for pharmacies operating in cities and towns to have an overall floor area of at least 60 square meters. […]
On February 13 the Peasant and Greens Union presented the outline of reforms aimed at reducing the prices of pharmaceuticals in Lithuania. Ramūnas Karbauskis claims that the measures are being implemented because the prices of […]
In an effort to encourage pharmacies to offer clients the cheapest suitable medication, pharmacies in Lithuania will be put under the obligation of issuing a certain amount of cheapest drugs. […]
President Dalia Grybauskaitė signed under the 2017 state budget project which already passed in Seimas. […]
Russian gas concern Gazprom must pay Lithuania a fine of 35.651 million euros, which was imposed two years ago for refusing to sign a gas exchange deal with Lithuania’s state-owned electricity production group Lietuvos Energijos Gamyba (Lithuanian Energy Production, LEG) formerly known as Lietuvos Energija, the Supreme Administrative Court ruled on Thursday. […]
Vilnius Regional Administrative Court has rejected Forum Cinema’s appeal against a ruling by the Competition Council that it had unfairly ruled that the company should be fined €1.4 million for participating in cartel-like behaviour.
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Lithuania’s Supreme Administrative Court upheld a ruling against retail chain Maxima and the bakery Mantinga that were fined for a decade-running anti-trust agreement.
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On Saturday, the Danish Danske Bank and Swedish Swedbank completed the deal they signed at the end of September last year regarding the sale of Lithuanian and Latvian retail banks. Verslo Žinios reports that the […]
Four supermarket chains currently control almost half of the retail market in Lithuania. It took them about a decade from the mid-1990s to push out small businesses and acquire a power that politicians and economists say is unhealthy for genuine competition. […]
Some companies in Lithuania may face a new tax through which they would be obligated to support the Competition Council (CC). Businessmen have expressed their opposition to the tax, indicating that it would twist competition […]
Food prices in Lithuanian supermarkets have grown because retailers have increased their margins, according to Prime Minister Algirdas Butkevičius. […]
Prime Minister Algirdas Butkevičius will be holding a meeting on Monday to discuss food pricing changes in stores in Lithuania. He said that Statistics Lithuania had not observed any large monthly price changes, but he […]
Swedbank Lithuania made €22 million in profits in January-March 2016, 3% more than during the first quarter last year. Swedbank, which is part of the Swedish Swedbank group and the second biggest bank in Lithuania, […]
Austrian Group Amic Energy Management has completed its takeover of Lukoil petrol stations in Lithuania, Latvia and Poland, according to Ivanas Paleičikas, the head of Lukoil Baltija talking on LRT Radijas. Paleičikas said the Austrian […]
Lithuania’s Competition Council, a regulatory body tasked with ensuring a healthy market and preventing monopolistic or over-dominant competitive acquisitions, has claimed that the Seimas‘ decision to regulate milk purchasing prices strangles competition, limits the personal freedoms of farmers, and possibly violates the constitution. […]
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