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Armenian Antimonopoly Commission To Cooperate With WB

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  • Armenian Antimonopoly Commission To Cooperate With WB

    ARMENIAN ANTIMONOPOLY COMMISSION TO COOPERATE WITH WB

    ARKA
    March 26, 2009

    YEREVAN, March 26. /ARKA/. The RA Commission for Protection of Economic
    Competition will cooperate with the World Bank (WB).

    The Commission's press service reports that Commission Chairman Ashot
    Shahnazaryan held a meeting with Michael Edwards, WB Europe and Central
    Asia Section. Mr. Edwards reported that the WB made a decision in
    principle to implement a program of cooperation with the Commission.

    He pointed out that during his stay in Armenia for a few days he has
    got the impression that the RA Commission for Protection of Economic
    Competition is receiving assistance at a new level.

    Shahnazaryan, in turn, stated that the Commission has strengthened
    its role in supervising the market situation after the floating
    rate regime was re-established and successful measures to establish
    stability were implemented. Mr. Edwards informed Shahnazaryan of the
    fields the WB and the Commission will be cooperating in.

    As regards other fields of cooperation, an international expert has
    been employed to hold consultations on further amendments to the RA
    Law on Protection of Economic Competition this April.
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