Lithuanian President Dalia Grybauskaitė submitted a bill aimed at curbing the shady donations from state and municipality controlled companies, preventing waste of money and ensuring more transparency.
Competition Council
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Vilnius Regional Administrative Court has rejected OAO Gazprom's compliant against Lithuania's Competition Council.
The Competition Council of Lithuania has imposed fines on four companies for concluding cartel arrangements. Ministerium is among the fined enterprises. Until recently it was co-owned by the son-in-law of Prime Minister Algirdas Butkevičius.
IT and telecommunications company Teo has purchased 100 percent of the shares of the Lithuanian mobile service provider Omnitel from its current shareholder TeliaSonera. The move has provoked a lot of discussion in the Lithuania public sphere and that shouldn’t surprise anyone as the purchase is one...
Officials of Special Investigation Service (STT) detained two CEOs for an attempt to bribe an employee of the Lithuanian Competition Council (KT). The KT‘s employee refused to accept 14,000-euro bribe, an equivalent of the employee’s annual salary, in exchange for a favourable decision in a suspecte...
The Lithuanian government on Monday agreed in principle to grant the status of an economic project of national importance to the planned conversion of the Vilnius Palace of Concerts and Sports, a now derelict building that was built more than 40 years ago on the site of a former Jewish cemetery, to ...
Vilnius Mayor Remigijus Šimašius says that the municipality will comply with the decision of the Competition Council and exit taxi business, divesting itself of the taxi company Vilnius Veža created by the previous mayor. It is yet unclear what procedure will be applied to the company.
A Vilnius court on Tuesday closed its hearing into a complaint filed by Gazprom over the Lithuanian competition watchdog's decision not to grant it full access to documents regarding an anti-trust fine of almost 35.7 million euros it imposed on the Russian gas giant.
Prosecutors say that plans by Bionovus, an Icor-controlled biofuel supplier, to merge with its Estonian-registered owner and cease operations will have no impact on their investigation into the company's deals, but some lawyers say that this would make it more difficult to gather documents needed fo...
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,...
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. ...
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.
