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ARKA News Agency, Armenia
Dec 6 2007
Armenia's antimonopoly commission not to admit rise in prices for
foodstuff on New Year Eve
YEREVAN, December 6. /ARKA/. Armenia's State Commission on Protection
of Economic Competition (SCPEC) will not admit rise in prices for
foodstuffs on New Year Eve. SCPEC Chairman Ashot Shahnazaryan said
that the Commission will continue the monitoring of goods that are in
the field of its activity, in particular, the market of sugar, eggs,
dairy butter and sunflower oil.
`There is no rise now, on these days last year there was rise
already, and that is why some companies have been fined since this
January 1,' he said.
Shahnazaryan said that the fine for anti-competition agreement was
increased from 1 to 2% of annual circulation of the entity.
He believes that the population should trust the Commission at least
on the example of a recent case when rise for dairy butter and
sunflower oil was stopped.
`Our decision stopped the rise in prices for butter, which could have
had multiplied effect on other goods,' he said.
Shahnazaryan pointed out that the Commission's priorities include 25
goods market that form the consumer basket.
He also pointed out that the Commission observes the economic
entities that have dominating positions on the markets.
`Now we study socially significant goods on 30 goods markets, and
their monitoring will be continues up to New Year,' he said.
The SCPEC on the basis of market monitoring held from August to
October revealed the fact of agreement between 20% of entities
working on the market of dairy butter and sunflower oil about the
unreasonable rise in prices for the products.
As a result about 50 Armenian businessmen were fined for unreasonable
rise in prices for the food - 2% of the annual income in 2006. L.M.
-0--
Dec 6 2007
Armenia's antimonopoly commission not to admit rise in prices for
foodstuff on New Year Eve
YEREVAN, December 6. /ARKA/. Armenia's State Commission on Protection
of Economic Competition (SCPEC) will not admit rise in prices for
foodstuffs on New Year Eve. SCPEC Chairman Ashot Shahnazaryan said
that the Commission will continue the monitoring of goods that are in
the field of its activity, in particular, the market of sugar, eggs,
dairy butter and sunflower oil.
`There is no rise now, on these days last year there was rise
already, and that is why some companies have been fined since this
January 1,' he said.
Shahnazaryan said that the fine for anti-competition agreement was
increased from 1 to 2% of annual circulation of the entity.
He believes that the population should trust the Commission at least
on the example of a recent case when rise for dairy butter and
sunflower oil was stopped.
`Our decision stopped the rise in prices for butter, which could have
had multiplied effect on other goods,' he said.
Shahnazaryan pointed out that the Commission's priorities include 25
goods market that form the consumer basket.
He also pointed out that the Commission observes the economic
entities that have dominating positions on the markets.
`Now we study socially significant goods on 30 goods markets, and
their monitoring will be continues up to New Year,' he said.
The SCPEC on the basis of market monitoring held from August to
October revealed the fact of agreement between 20% of entities
working on the market of dairy butter and sunflower oil about the
unreasonable rise in prices for the products.
As a result about 50 Armenian businessmen were fined for unreasonable
rise in prices for the food - 2% of the annual income in 2006. L.M.
-0--