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Decision On Revision Of Prices By Economic Entities Posted On Site O

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  • Decision On Revision Of Prices By Economic Entities Posted On Site O

    DECISION ON REVISION OF PRICES BY ECONOMIC ENTITIES POSTED ON SITE OF PUBLIC COMMISSION FOR PROTECTION OF ECONOMIC COMPETITION

    Arka News Agency, Armenia
    Dec 26 2006

    YEREVAN. December 26. /ARKA/. The decision on revision of prices
    by economic entities was posted on the official site of the Public
    Commission for Protection of Economic Competition (PCPEC) of Armenia
    www.competition.am.

    PCPEC Press Secretary Armineh Udumyan reported that the decision was
    posted on the site to make it available for economic entities.

    Udumyan reminded that the five-day term, provided for economic
    entities to revise prices, has expired today. However, the commission's
    administration continues monitoring in goods markets. At the same time,
    the commission's decision on prevention of consequences of ungrounded
    price rise or price making as a result of anticompetition agreements
    went into effect.

    On December 19, the PCPEC made a decision, according to which 17 big
    economic entities should have revised overpricing of their goods. The
    commission also admonished all the economic entities of inadmissibility
    of ungrounded price rise.
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