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| 17:01:53 | 14-09-2005 | Social |
`COCA-COLA' WAS TRIED
Today the Economic Competition Protection state Committee fined the
`Coca-Cola Hellenic Bottling Company Armenia' for abusing its predominant
status in the market. The company will have to pay 1% of its profit for the
last year. The Committee has been investigating the activity of `Coca-Cola'
since summer after the article published in the newspaper `Iravounq'. It was
mentioned in the article that `Coca-Cola' has threatened all the stores not
to sell Pepsi-Cola in the refrigerators with the logo of that company on
them . After the publication of the article there came complaints of
different stores and `Jermuk Group' which imports Pepsi-Cola.
Artashes Kakoyan who represented the interests of `Coca-Cola' in the
Committee, said that the members of the Committee are biased and they
protect the `Pepsi-Cola'.
Curing the session facts were made public about different shops turning to
the Committee and complaining of the illegal activity of `Coca-Cola'. The
main complaint was the following, `We were told that If we sell the products
of Pepsi Cola too, they will take away their refrigerators and will not
supply us with their products any more.
It is worth mentioning that `Coca-Cola' has a 67.35% predominant status in
the market.
| 17:01:53 | 14-09-2005 | Social |
`COCA-COLA' WAS TRIED
Today the Economic Competition Protection state Committee fined the
`Coca-Cola Hellenic Bottling Company Armenia' for abusing its predominant
status in the market. The company will have to pay 1% of its profit for the
last year. The Committee has been investigating the activity of `Coca-Cola'
since summer after the article published in the newspaper `Iravounq'. It was
mentioned in the article that `Coca-Cola' has threatened all the stores not
to sell Pepsi-Cola in the refrigerators with the logo of that company on
them . After the publication of the article there came complaints of
different stores and `Jermuk Group' which imports Pepsi-Cola.
Artashes Kakoyan who represented the interests of `Coca-Cola' in the
Committee, said that the members of the Committee are biased and they
protect the `Pepsi-Cola'.
Curing the session facts were made public about different shops turning to
the Committee and complaining of the illegal activity of `Coca-Cola'. The
main complaint was the following, `We were told that If we sell the products
of Pepsi Cola too, they will take away their refrigerators and will not
supply us with their products any more.
It is worth mentioning that `Coca-Cola' has a 67.35% predominant status in
the market.