Lithuanian President Dalia Grybauskaitė is against the proposal to give priority to local processors to buy timber produced in Lithuanian forests. According to the president, this would not only infringe the competition but would also create exceptional conditions to the major processors. […]
A Vilnius court on Wednesday started hearing Gazprom‘s request to grant it full access to documents regarding a fine of almost 35.7 million euros imposed on the Russian gas giant by the Lithuanian competition watchdog. […]
Organisations representing Lithuanian farmers have addressed President Dalia Grybauskaitė in a letter asking to take “urgent and decisive” actions to “save” Lithuania’s dairy sector. […]
Lithuanian Energy Minister Rokas Masiulis says he cannot tolerate the situation when municipal heat producer, Vilniaus Energija (Vilnius Energy) has been deliberately overpaying for gas for the second month in a row, thus increasing heating bills for consumers. Due to such actions of heat providers, Vilnius residents and institutions lose around a million euros per month. […]
Conservative MP Kęstutis Masiulis has asked Economy Minister Evaldas Gustas to investigate why food prices in Lithuanian grocery stores are higher than in Germany and Belarus. […]
Invalda LT, one of the leading companies in Lithuania investing in other businesses and managing assets, together with partners has signed the Finasta group Share Purchase Agreement. […]
The Creditor’s Committee set the minimum selling price and the sale method of the Finasta Banking Group, and authorized the Snoras Bank bankruptcy administrator to complete negotiations with the investor which had submitted the best offer, namely the consortium led by investment company Invalda LT. Nevertheless, the acquisition is still to be approved by the Competition Council. […]
Compensation to non-household users for the overpayment for natural gas may qualify as state aid, the Competition Council told the Cabinet on Monday in comments about a decision drafted by the Energy Ministry. […]
Eesti Meedia Group, the owner of 15min.lt, one of the leading online news outlet in Lithuania, is buying Allegro Baltics from South African-owned Naspers. […]
Prime Minister Algirdas Butkevičius does not give prominence to the environment minister’s concerns that if a three-year tax exemption on shale gas extraction is applied, a deposit would be depleted in that time and the state would not receive income. […]
The Lithuanian government on Wednesday approved a new, investor-friendly tax regime for shale gas production which, once endorsed by parliament, will open the way for launching a new tender for a shale gas exploration license. […]
Vilnius Regional Administrative Court (VAAT) will hear an appeal of the Russian gas concern Gazprom regarding the LTL 123 million (EUR 35.6 million) fine imposed by the Competition Council as a result of violations of concentration clause. […]
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