The Lithuanian government has worked out a plan of measures to end the alleged domination of large chains in the retail market, and ultimately give a boost to small businesses, Delfi.lt reported on Thursday.
© Shutterstock

Officials would not comment on this plan in more detail, the news website said.

According to it, the measures are yet to be discussed by the government, parliament and responsible authorities.

Delfi quoted its sources as saying that the proposal calls for introducing a state monopoly on alcohol sales, opening state-owned pharmacies at health care institutions and eliminating fees for sellers at state-owned marketplaces in exchange for lower prices.

The proposed measures also include penalties for excessive concentration, and state aid to small and medium-sized businesses.

Reportedly, the plan also calls for lowering retail chains' profitability.

Prime Minister Saulius Skvernelis said last month that his government was considering steps to prevent a further rise in prices for food products and services.

He said that supervisory authorities had to actively monitor the situation on the market.

Skvernelis then said that the government was seeking dialogue with all business groups, but added that if "there is no understanding, dialogue and common solutions, the government will use all the rights and powers given to it by law."

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Remigijus Šimašius on #TOWER: the ugly duckling becomes a beautiful swan

On Thursday, mayor of Vilnius, Remigijus Šimašius visited one of the highest residential buildings...

A new attraction centre will open for the citizens of Vilnius.

A Park Town business park located in a strategic area of Vilnius, in a tail of Konstitucijos avenue,...

Some 27 pct of Lithuanians get a pay rise in recent months - Delfi/Spinter poll

Twenty-seven percent of Lithuanians say they have received a pay rise in recent months, with 23.4...

Baltic Salary Survey reveals which Lithuanian companies pay the most equal salaries

“Baltic Salary Survey”, a compensation research company in Lithuania, yesterday for the first time...

Lithuanian ESO EUR 200 mln. tender is on it’s way

Preparation for the tender of smart electricity meters by Lithuanian energy distribution system...