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State Commission For Protection Of Economic Competition To Establish

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  • State Commission For Protection Of Economic Competition To Establish

    STATE COMMISSION FOR PROTECTION OF ECONOMIC COMPETITION TO ESTABLISH RIGID CONTROL IN CONSUMER GOODS MARKETS

    NOYAN TAPAN
    NOVEMBER 17, 2009
    YEREVAN

    YEREVAN, NOVEMBER 17, NOYAN TAPAN. The measures to reveal violation
    of competition rules in the markets of several consumer goods, and
    the issue of initiating legal proceedings in the medicine market were
    discussed at the November 17 sitting of the RA State Commission for
    the Protection of Economic Competition.

    The checks conducted by the Commission to examine the sale prices of
    goods of social importance show certain tendencies to growth in sale
    prices on gasoline, diesel oil, medicines, vegetable oil, butter and
    granulated sugar markets in recent period. Taking into account the
    fact that every year the sale prices of a number of consumer goods
    tend to rise in the period before New Year, the Commission will
    rigidly control the behavior of economic entities in the indicated
    markets and undertake measures on the prevention and disclosure of
    the possible violation of law due to an unfounded rise in prices
    by economic entities that account for a large share of sales in the
    indicated markets.

    By instructions of the Commission, in the period of November 20 to
    December 31, in each case of a rise in prices, the economic entities
    with the largest share of sales in gasoline, diesel oil, medicine,
    vegetable oil, butter, and granulated sugar markets shall present,
    within two days, information about the size of the price growth,
    its reasons, or other circumstances that caused the necessity to
    raise prices.
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