The policy revision means that from next year onward, those required to declare property assets will expand to include state or municipal agencies, their deputies and their families, branch managers and deputies of state and municipal agencies and their family members, delfi.lt reported on 17 October.
Also included in the legislation are national security oriented state-owned enterprises and companies, as well as deputy heads of major companies and their family members. Furthermore, property will have to be declared by the state and municipal enterprises in which the state or a municipality own shares amounting to more than 50 % of the votes at the general shareholders’ meeting.
The government proposes that declaration of assets will also be required of the European Commissioners, Members of the Court, the European Court of Justice and the General Court, members of the Committee of the Regions, the European Economic and Social Committee members, judicial bodies and other international officials and their family members. The Act also states that property assets must be declared by candidates for office and their family members.
Translated by Virginijus Sinkevičius
Edited by Rick Whateley