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Commission For Protection Of Economic Competition Of Armenia Intends

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  • Commission For Protection Of Economic Competition Of Armenia Intends

    COMMISSION FOR PROTECTION OF ECONOMIC COMPETITION OF ARMENIA INTENDS TO FINE 'ZVARTNOTS' YEREVAN AIRPORT TO $1 MLN DRAMS

    ArmInfo
    2008-10-15 11:14:00

    ArmInfo. The Commission for Protection of Economic Competition
    intends to fine "Zvartnots" Yerevan airport to the sum of 300 mln
    drams (to $1 mln) for unfair competition, Head of the Commission's
    press service Armine Udumyan told ArmInfo.

    According to her, as a result of the Commission-held monitoring,
    it was revealed that "Zvartnots" delivers fuel to different air
    companies at different price and, thus, demonstrates a biased attitude
    to its clients.

    So, the price difference varies from 483,708 drams to 494,320 drams
    per 1 ton of aviation fuel. Moreover, the airport delivers fuel at
    an unreasoned high price, thus, exceeding the margin for purchase
    and sale of fuel which makes up $141 per ton. These violations are
    enough for the Commission to make a decision to fine "Zvartnots" at
    the rate of 2% of the last-year proceeds or to the sum not exceeding
    300 mln drams, A. Udumyan said. The session of the Commission on this
    case has been scheduled for Friday.

    To recall, the concessionary of "Zvartnots" Yerevan airport and
    "Shirak" Gyumri airport is the "Armenian International Airports"
    CJSC belonging to the Argentine businessman Eduardo Eurnekyan.
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