Corruption convictions in international bribery case
Klaipėda Regional Court has issued a decision in foreign bribery case and found guilty two persons: former Director of infrastructure of Klaipėda State Seaport Authority G. Z. and Latvian citizen G. K., a former Latvian construction company's board Chairman.
The OECD Working Group on bribery gives a green light to Lithuania to join the organization
Yesterday, the Organisation for Economic Co-operation and Development (OECD) Working Group on Bribery in International Business Transactions (Working Group) officially assessed Lithuania as ready to become a member of the OECD and adopted a formal opinion forwarded to the OECD Committee of Ministers. This is the eighteen positive and one of the hardest-to-do favourable conclusion that Lithuania needs to get to become a member of the OECD.
The case of Ignalina Nuclear Power Plant was submitted to the court
Three senior management of the State Enterprise Ignalina Nuclear Power Plant (INPP) and representatives from several companies soon will be send to the court. The criminal case was submitted to the court for the criminal offenses related to the corruption in the INPP.
Lithuania has made significant legislative reforms to fight foreign bribery
Lithuania has taken significant steps to strengthen its legislative framework to combat foreign bribery. Yet further efforts are needed to ensure effective enforcement of anti-bribery laws with regard to corporate liability and imposing sanctions for foreign bribery, including confiscation, according to a new report by the OECD Working Group on Bribery.
The closing event for business was held in Kaunas
On 16 of November business representatives of Kaunas region participated in the discussion – "Why is it worth building a corruption-resistant environment in business?". It was the fifth (final) discussion of this kind organized in Lithuanian cities, during which the Anti-Corruption Guide for Business (AVV), prepared by public and private sector representatives together with the Special Investigation Service (STT), was presented.
Business conference "Economy of responsibility: from volunteering to new business models"
On October 16th in the annual responsible business conference "Economy of responsibility: from volunteering to new business models" the exciting responsible business trends and practical examples of sustainable and socially responsible business were discussed and initiatives presented. This conference unites business leaders and experts from Lithuania and abroad who share their experience. The main goal of the conference is to encourage the development of responsibility in Lithuanian business by presenting successful practices of integrating sustainability principles into core business practices.