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ARMENIA'S GEGHARD MEAT PROCESSING FACTORY FINED AMD 500THS
Arka News Agency, Armenia
April 13 2007
YEREVAN, April 12. /ARKA/. Armenia's "Geghard" Meat Processing Factory
was fined a total of AMD 500ths ($1,360).
During its meeting on April 11, the State Commission on the Protection
of Economic Competition (SCPEC) made a decision to fine the factory
500 times of the basic rate for providing inadequate and contradicting
information.
While studying the meat food market of Armenia, the Commission's task
group by receiving and comparing information from different sources
discovered that the dominating factory on the market presented
inadequate information.
Particularly, the prices mentioned in the invoices and figures of
expenditure for raw materials provided by the company contradict each
other, and none of these sources is reliable.
According to the Commission's decision, during 10 days the companies
must present documents confirming fine payment.
The State Commission on the Protection of Economic Competition was
formed on January 13, 2001 and has been operating according to the
Law "On Protecting Economic Competition" adopted by the National
Assembly on November 6, 2000. The law's main objective is to protect
and encourage economic competition, provide necessary environment
for fair competition, contribute to development of entrepreneurship
and protect consumers' rights.
Arka News Agency, Armenia
April 13 2007
YEREVAN, April 12. /ARKA/. Armenia's "Geghard" Meat Processing Factory
was fined a total of AMD 500ths ($1,360).
During its meeting on April 11, the State Commission on the Protection
of Economic Competition (SCPEC) made a decision to fine the factory
500 times of the basic rate for providing inadequate and contradicting
information.
While studying the meat food market of Armenia, the Commission's task
group by receiving and comparing information from different sources
discovered that the dominating factory on the market presented
inadequate information.
Particularly, the prices mentioned in the invoices and figures of
expenditure for raw materials provided by the company contradict each
other, and none of these sources is reliable.
According to the Commission's decision, during 10 days the companies
must present documents confirming fine payment.
The State Commission on the Protection of Economic Competition was
formed on January 13, 2001 and has been operating according to the
Law "On Protecting Economic Competition" adopted by the National
Assembly on November 6, 2000. The law's main objective is to protect
and encourage economic competition, provide necessary environment
for fair competition, contribute to development of entrepreneurship
and protect consumers' rights.