Separation of operations of the state-run railway company Lietuvos Geležinkeliai (Lithuanian Railways, LG) is one of the ways of solving the competition offense, which led to a fine of nearly 28 million euros from Brussels, says the European Union's Competition Commissioner Margrethe Vestager.
Šarūnas Keserauskas, Margrethe Vestager
© DELFI / Domantas Pipas

"During this process where we tried to find settlement, different solutions were discussed. That might be my lack of imagination but one of most obvious solutions is to rebuild tracks but other solutions could be found. (Lithuanian Railways' separation) has been discussed from the beginning of the case over the years but in the end no sufficiently strong commitments could be found and so we ended in situation where we are now," Vestager said at a Vilnius news conference on Tuesday.

In her words, separation of LG operations is not mandatory in an effort to clear the competition violation, however, it is one of the possible options.

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

Lithuanian agrimin calls on EC to cover farmers' drought, swine fever losses

Lithuanian Agriculture Minister Giedrius Surplys has called on the European Commission to cover...

Research: small Lithuanian business fails to assess IT potential and risks

Random employees rather than experienced specialists in the field normally are in charge of hardware...

Lithuanians have an idea how to reduce crypto mining costs

During the largest non-profit ICT and entrepreneurship event in the Baltic States #SWITCH held in...

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,...