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ArmenPress
Jan 13 2005
GOVERNMENT GIVES MORE AUTHORITY TO COMMISSION ON PROTECTION OF
ECONOMIC COMPETITION
YEREVAN, JANUARY 13, ARMENPRESS: The Armenian government pledged
today to make protection of economic competition a focal point of its
current economic policy and has approved a bill on making changes to
the relevant law.
Speaking to reporters after the regular government session, deputy
trade and economic development minister Armen Gevorkian said the bill
is expected to give more authorities to the state-run commission on
protection of economic competition, to specify the range of its
operations and apply more clearly-cut punishment measures to business
entities breaking the law.
One of the changes enables the commission to break up into smaller
units those dominating companies which would prevent their
competitors to enter their market. Another change demands that
companies with dominating positions in the domestic market provide
information about their economic activities twice a year.
Some other changes also envisage penalties for companies with
dominating positions for abuse of their position, unfair competition,
which, according to the deputy minister are a frequent occurrence in
Armenia now.
From: Emil Lazarian | Ararat NewsPress
Jan 13 2005
GOVERNMENT GIVES MORE AUTHORITY TO COMMISSION ON PROTECTION OF
ECONOMIC COMPETITION
YEREVAN, JANUARY 13, ARMENPRESS: The Armenian government pledged
today to make protection of economic competition a focal point of its
current economic policy and has approved a bill on making changes to
the relevant law.
Speaking to reporters after the regular government session, deputy
trade and economic development minister Armen Gevorkian said the bill
is expected to give more authorities to the state-run commission on
protection of economic competition, to specify the range of its
operations and apply more clearly-cut punishment measures to business
entities breaking the law.
One of the changes enables the commission to break up into smaller
units those dominating companies which would prevent their
competitors to enter their market. Another change demands that
companies with dominating positions in the domestic market provide
information about their economic activities twice a year.
Some other changes also envisage penalties for companies with
dominating positions for abuse of their position, unfair competition,
which, according to the deputy minister are a frequent occurrence in
Armenia now.
From: Emil Lazarian | Ararat NewsPress