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Armenian Economic Competition Protection Commission To Tighten Price

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  • Armenian Economic Competition Protection Commission To Tighten Price

    ARMENIAN ECONOMIC COMPETITION PROTECTION COMMISSION TO TIGHTEN PRICE CONTROL

    news.am
    Dec 18 2009
    Armenia

    At its December 17 sitting the RA Commission for Protection of Economic
    Competition decided to tighten control over prices for and sales of
    a number of consumer products.

    The Commission's press service told NEWS.am that the results of the
    Commission-conducted monitoring show an upward trend in the market
    prices for petrol, diesel fuel, medicines, vegetable oil, butter and
    sugar. The Commission is taking measures to prevent economic entities
    from breaking the law by practicing unjustified price rise and has
    demanded that economic entities to properly justify each case of
    price rise.

    Specifically, in the petrol market this principle will apply to the
    Flash Ltd., City Petrol Group Ltd., Mika Corporation, Kagh Petrol
    Service; in the drug market, these are Natali Pharm, Alphapharm,
    Argopharm, as well as 22 other companies; in the vegetable oil market,
    Alex-Grig, Dost International, and others; in the sugar market, Alex
    Grig; in the egg market Lusakert Ltd., Arax Ltd., Arzni Pedigree Ltd.
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