Having considered the amendments to the Law on Competition (Law), the Council revised merger notification and examination procedure, which takes into force from January 1, 2018.
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 UAB Norvesta and the German company Sypra concluded a cartel agreement while participating in the radioactive scrap metal auction conducted by Ignalina nuclear power plant, and thus were fined EUR 27,500 and EUR 27,100 respectively.
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...
The Competition Council cleared the acquisition of 40 per cent of Baltijos polistirenas shares (together with the currently owned shares – 80 per cent) and sole control by Nordic Minds .
This September the Council‘s experts embarked on a mission to teach Vilnius pupils more about fair competition and its benefits brought to business and consumers, which appeared to be something that is self-evident to them.
The Competition Council cleared the acquisition of 100 per cent of UAB LP grupė shares by UAB koncernas Achemos grupė .
On December 5 the Lithuanian Competition Council joined the rest of the world to celebrate the World Competition Day and reminded the society that #CompetingIsHealthy, #CompetingIsWorthwhile, #CompetingIsBeneficial .
The firm Kauno būstai misled consumers by advertising guest houses as apartments. For the infringement of the Law on Advertising Kauno būstai received EUR 6,300 fine .
The Supreme Administrative Court of Lithuania (Court) upheld the Competition Council’s decision, according to which Šiauliai City Municipality granted privileges to the municipal company Busturas and restricted competition in the sector of passenger transportation services for 10 years.
The Competition Council cleared the acquisition of 51 per cent (together with the currently owned shares – 100 per cent) of UAB Adnet media shares and sole control by the Estonian-based company AS Ekspress Grupp .