aA
Lithuanian President Gitanas Nauseda vetoed on Friday a legislative package that would have allowed the state to regulate prices.
Gitanas Nausėda
Gitanas Nausėda
© DELFI / Domantas Pipas

According to the president, price regulation by the state is an extraordinary measure acceptable only in exceptional circumstances, for example, in case of a state of emergency in the country.

"Practice has shown many times that price stabilization can be ensured not through restrictions, but through increasing the supply of goods and services and eliminating bureaucratic obstacles," the president was quoted as saying in a statement released by the presidential office.

Under the decree signed by Nauseda, the package of amendments to several laws, adopted by the parliament last week, is being sent back to the Seimas for further consideration.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
|Populiariausi straipsniai ir video

EU commissioner: Lithuania should cut other taxes if environment taxes are raised

Europe takes the view that taxes need to be balanced and if some taxes are raised, other taxes should...

Capacity at Salcininkai border checkpoint might drop for 4 days in December

The capacity of the Salcininkai international border checkpoint on the Lithuanian-Belarusian border...

Online payment business predicts double turnover for e-shops during Black Friday sale

Black Friday , one of the biggest sale campaigns across the Western world, will be slightly different...

Lithuanian airports to add more flight destinations in December

Lithuania's airports are scheduled to add more flight destinations to their schedules in September,...

OECD about Lithuania: COVID-19 crisis reinforces the need for reforms to drive growth and reduce inequality

Effective containment measures, a well-functioning health system and swift public support to firms and...

Top news

Capacity at Salcininkai border checkpoint might drop for 4 days in December

The capacity of the Salcininkai international border checkpoint on the Lithuanian-Belarusian border...

Armenian: Vilnius is like a city in a forest (2)

Astounded by green nature in Vilnius, Armenian student Gevorg Khachatryan said this is one of the...

EU commissioner: Lithuania should cut other taxes if environment taxes are raised

Europe takes the view that taxes need to be balanced and if some taxes are raised, other taxes should...

People won’t need to isolate for 3 months after COVID-19 recovery (1)

People who have recovered from COVID-19 will not be required to self-isolate for three months after...

Niclas Rolander | D+ nariams

Sweden rejects face masks as Covid-19 cases soar ICU beds fill up

Sweden ’s health authorities reiterated their skepticism toward face masks on Thursday, despite...

|Maža didelių žinių kaina