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  • Do You Have Heart Remorse?

    DO YOU HAVE HEART REMORSE?

    A1+
    [05:24 pm] 19 December, 2006

    The filling stations belonging to businessman Michael Baghdasarov
    sell one-ton cement produced in their factory 12 000 AMD higher than
    its cost price.

    The representatives of "Mika-Cement" tried to persuade the State
    Commission for the Protection of Economic Competition that it is
    not superprofit.

    "I have no connection with the cement sold in the filling stations. I
    am the head of "Mika-Cement", announced Naira Martirosyan, director
    of the company.

    The latter didn't want to accept the fact that when the cement having
    28 000 AMD cost price is sold at 40 000 AMD, it is already superprofit.

    Naira Martirosyan kept on complaining that their expenses have
    increased as a result of gas price augment.

    "Gas price increase has resulted in the increase of metals and spares",
    she continued saying that Armenian cement is the cheapest and the
    best in the whole region.

    Mrs. Martirosyan claims that the cement of Ararat and Hrazdan plants
    fully suffices the needs of interior market and is exported to Georgia
    and Iran.

    The State Commission for the Protection of Economic Competition
    also referred to other cases when the heads of companies or
    factories increased the prices of certain goods de facto without
    any documentation.

    For instance, the cost price of an egg is 32 dram, whereas its market
    price is 71 dram. "Do you have heart remorse? Can the egg be sold
    at such a high price in the country which exports eggs to other
    countries", announced Mr. Shahnazaryan, head of the Commission.
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