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FOUR ARMENIAN FREIGHT COMPANIES FINED AMD 100 MILLION
/ARKA/
May 27, 2011
YEREVAN
YEREVAN, May 27. /ARKA/. On Friday, Armenian State Commission for
Protection of Economic Competition fined four shipping companies for
ungrounded increase of prices.
Chors Enker company was fined AMD 55, SOHO company AMD 30 million,
Prof Improtex AMD 10 million and Nanis AMD 5 million.
These companies ought to submit information confirming payment of
fines within ten days.
Artak Shaboyan, chairman of the antitrust commission, said that these
companies were fined for anticompetitive collusion.
He said that representatives of these companies, explaining the
increase, have said that this step was prompted by raised salaries,
increased prices for leasing storehouses and shipment expenses.
However, no papers confirming it have been submitted.
"We were concurrently conducting our monitoring and examining
price-making mechanisms, but found no objective reasons for increase,"
Shaboyan said.
Prices for shipment of cargoes from Turkey and China were raised
twice. Traders, unhappy about the price rise, have repeatedly staged
protests.
/ARKA/
May 27, 2011
YEREVAN
YEREVAN, May 27. /ARKA/. On Friday, Armenian State Commission for
Protection of Economic Competition fined four shipping companies for
ungrounded increase of prices.
Chors Enker company was fined AMD 55, SOHO company AMD 30 million,
Prof Improtex AMD 10 million and Nanis AMD 5 million.
These companies ought to submit information confirming payment of
fines within ten days.
Artak Shaboyan, chairman of the antitrust commission, said that these
companies were fined for anticompetitive collusion.
He said that representatives of these companies, explaining the
increase, have said that this step was prompted by raised salaries,
increased prices for leasing storehouses and shipment expenses.
However, no papers confirming it have been submitted.
"We were concurrently conducting our monitoring and examining
price-making mechanisms, but found no objective reasons for increase,"
Shaboyan said.
Prices for shipment of cargoes from Turkey and China were raised
twice. Traders, unhappy about the price rise, have repeatedly staged
protests.