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"COCA-COLA" IN ARMENIA WAS FINED $100.000
YEREVAN, SEPTEMBER 14. ARMINFO. Armenia's Commission on economic
rivalry protection decided to fine "Coca-Cola Hellenik bottling
company Armenia" for about $100.000 (1% of company's profit for
2004). The decision was made because of abuse of dominating position
in Armenia's soft drink market in the first six months of 2005, on
the basis of "Jermuk Group" company's complaint. To note, Coca-Cola
shares about 70% of sale market. Company's representative was
displeased with such a decision.
YEREVAN, SEPTEMBER 14. ARMINFO. Armenia's Commission on economic
rivalry protection decided to fine "Coca-Cola Hellenik bottling
company Armenia" for about $100.000 (1% of company's profit for
2004). The decision was made because of abuse of dominating position
in Armenia's soft drink market in the first six months of 2005, on
the basis of "Jermuk Group" company's complaint. To note, Coca-Cola
shares about 70% of sale market. Company's representative was
displeased with such a decision.