"From July 1, persons who provide evidence enabling Konkurencijos Taryba (Competition Council) to detect anti-competitive agreements will be entitled to a financial reward," the anti-trust authority said in a press release on Friday.
"It is hoped that this will encourage the society to take a more active role in reporting to the Lithuanian competition authority cartels or other anti-competitive agreements entered into by the competitors," it said.
Under the procedure approved by the watchdog, "a whistleblower remuneration will constitute 1 percent of the fines imposed on the infringers, and will range from 1,000 euros to 100,000 euros", the authority said.
"Upon request, the identity of whistleblowers will not be disclosed to the parties of the investigation procedure, including undertakings suspected of a competition law infringement," it added.
The parliament amended the Law on Competition in March to allow a financial reward for anti-competition whistleblowers.
Deficit on current account balance increased significantly in June
The Bank of Lithuania has published the balance of payments for June 2022, which shows that the...
Industrial production down by 1.8% in June
In June 2022, the seasonally adjusted industrial production rose by 0.7% in the euro area and by 0.6%...
Dr Agnė Paliokaitė is elected Chair of Board of Innovation Agency Lithuania
The first meeting of the Board of the Innovation Agency, during which the chair of the Board was...
Lithuanian and Taiwanese bus manufacturers to set up joint venture
UAB Vėjo projektai, a Lithuanian company manufacturing electric buses Dancer, earlier this week...
Annual HICP inflation stood at 20.9% in July
In July 2022, according to the harmonised index of consumer prices (HICP), which is methodologically...
Top news
Deficit on current account balance increased significantly in June
The Bank of Lithuania has published the balance of payments for June 2022, which shows that the...
Industrial production down by 1.8% in June
In June 2022, the seasonally adjusted industrial production rose by 0.7% in the euro area and by 0.6%...
Innovation developed by Lithuanian scientists will allow more efficient screening of voice pathologies
In cases of advanced laryngeal cancer, a complex surgery called laryngectomy is performed, when the...
Lithuania asks ECHR to join case on Russian aggression in Ukraine
Lithuania on Friday asked the European Court of Human Rights (ECHR) to join its case on Russia's...
Bajarunas proposed for ambassador to United Kingdom
Eitvydas Bajarunas has been proposed for Lithuanian ambassador to the United Kingdom, under a draft...