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28 May 2011, Athens

Crisis and Competition Enforcement Lithuanian Style Šarūnas Keserauskas, Chairman, Competition Council. 28 May 2011, Athens. Overview. Crisis in figures Effect of crisis on firms Effect of crisis on the Lithuanian NCA. C risis in figures I.

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28 May 2011, Athens

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  1. Crisis and Competition Enforcement Lithuanian StyleŠarūnas Keserauskas, Chairman, Competition Council 28 May 2011, Athens

  2. Overview • Crisis in figures • Effect of crisis on firms • Effect of crisis on the Lithuanian NCA

  3. Crisis in figures I • GDP: contracting by 14 to 15.9 percent in each quarter of 2009 compared to the preceding quarter • State budget revenue (excluding foreign financial assistance): • 2008: EUR 6.72 (5.71) bn • 2009: EUR 5.99 (4.28) bn • 2010: EUR 5.76 (4.21) bn

  4. Crisis in figures II • Average monthly salary (gross): • 2008 4Q: EUR 672 • 2010 1Q: EUR 588 • Population: • 2008: 3.35 million • 2011: 3.05 million (May 2011 population census)

  5. EFFECT OF CRISIS ON FIRMS

  6. Effect of crisis on firms • No crisis cartels observed • Rising prices have fuelled calls for price regulation • More requests for reduction of fines

  7. Reduction of fines 2009-2010 • 6 Cases with fine reductions due to the crisis: • 48 undertakings benefited from the reductions • EUR 227,490 overall reduction • 10% non-individualised reductions in 5 cases • 20% non-individualised reduction in 1 case due to severe decline in the sector (Car Rental) • No grounds found for individualised “crisis reductions”

  8. EFFECT OF CRISIS ON THE LITHUANIAN NCA

  9. NCA budget, EUR (m)

  10. NCA staff monthly salaries, EUR (gross)

  11. NCA spending on technical means and staff training, EUR

  12. ENFORCEMENT RECORD

  13. Case statistics 2008 – 2010

  14. WHAT DOES IT ALL MEAN?

  15. More for less? • Don’t jump to the wrong conclusion: cutting the NCA’s budget does not necessarily lead to better enforcement! • Crisis did focus the NCA’s mind: • The Chairman stopped being driven by a chauffeur • More attention to cartels • But the authority is running on fumes

  16. Much more for a little bit more! • Setting prioritisation principles • Main focus on: • Anti-cartel enforcement • Competition advocacy • Adequate andindependent budget

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