Lithuanian Prime Minister Saulius Skvernelis says that his government will make efforts to increase competition in the retail market now dominated by big chains.
Saulius Skvernelis
© DELFI / Karolina Pansevič

According to Skvernelis, the government is considering creating incentives for new participants to enter the market and easing the requirements for opening small shops.

"We are looking and will continue to look for solutions to step up competition," the prime minister told LRT Radio on Tuesday.

The concentration of large retail chains in Lithuania is too high now, he said.

Maxima currently has 242 stores, Iki has 229, Norfa has 143, Rimi has 56 and Lidl has 37 stores in Lithuania, based on publicly available data.

Requirements may be eased

Skvernelis said that the government will look into cutting the red tape for opening new shops.

"It becomes a mission impossible today for a small business to open a shop with all these requirements -- from having permanent contracts to (complying with) the standards," he said.

According to the prime minister, the responsible authorities have to look through contracts between product suppliers and retailers to see "whom the risks are being shifted to and what additional charges, such as marketing and shelving fees, and various penalties, emerge."

"It's very important that there are no agreements, especially when it comes to large suppliers to large shopping centers, where products are supplied at a clearly fixed price and on the condition that these products are supplied to other retail chains at higher prices or not supplied at all," he said.

The prime minister added that authorities in charge of consumer rights, competition and personal data protection should be more active, too.

He expects measures aimed at bringing down retail prices to be approved in the fall.

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

New global sales trends have not bypassed Lithuania: “Pigu.lt” has announced two-week sale festival

Traditionally, November is a very busy month for global trade sector as everybody looks forward to new...

Higher oil prices boost inflation

Annual inflation accelerated to 2.9% in October compared to 2.4% in September. On a monthly basis...

Railsbank opens new office in Lithuania

Railsbank, a leading UK-based open-banking and RegTech platform, has opened a new office in Vilnius,...

Reduced Klaipėda seaport charges for container ships to boost the development of shipping

In order to create more favorable conditions for container ships, entering the Klaipėda seaport, the...

A digital creative agency has come up with the idea of how to attract more tourists to Vilnius

The Gediminas Castle, the Hill of Three Crosses and Užupis are probably the most popular tourist...