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ARMENIA'S ANTI-TRUST AGENCY SLAPS 10 MILLION DRAMS PENALTY ON TRANSPORTATION COMPANY
ARKA
Oct 17, 2011
YEREVAN, October 17. / ARKA /. Armenia's State Commission for
Protection of Economic Competition (SCPEC) has ruled today to penalize
GavarŠµrans transportation company in the amount of 10 million drams
for abuse of its dominance in the market.
The company is engaged in transportation of passengers between Yerevan
and Gavar, the administrative center of Gegharkunik province, between
Yerevan and Sarukhan, a village near Gavar and from Gavar to Yerevan.
Gavartrans had won the license in a tender announced for transportation
of passengers from Yerevan to Gavar promising to charge a 500 dram
fare, but later it breached this term raising the fare to 1,000 drams,
according to SCPEC expert Hayk Vardanyan. It turned out also that
the company operated only two of three routes.
SCPEC chairman Artak Shaboyan said GavarTrans should pay the fine
within five days and eliminate the breaches, warning that otherwise
its license would be revoked.
Over the first nine months of 2011 SCPEC made 86 ruling to impose 230
million drams penalties for different violations. Amendments passed
to the relating law in May of 2011 vested SCPEC with broader powers
allowing it to toughen sanctions and penalties against companies for
breaches of the law.
ARKA
Oct 17, 2011
YEREVAN, October 17. / ARKA /. Armenia's State Commission for
Protection of Economic Competition (SCPEC) has ruled today to penalize
GavarŠµrans transportation company in the amount of 10 million drams
for abuse of its dominance in the market.
The company is engaged in transportation of passengers between Yerevan
and Gavar, the administrative center of Gegharkunik province, between
Yerevan and Sarukhan, a village near Gavar and from Gavar to Yerevan.
Gavartrans had won the license in a tender announced for transportation
of passengers from Yerevan to Gavar promising to charge a 500 dram
fare, but later it breached this term raising the fare to 1,000 drams,
according to SCPEC expert Hayk Vardanyan. It turned out also that
the company operated only two of three routes.
SCPEC chairman Artak Shaboyan said GavarTrans should pay the fine
within five days and eliminate the breaches, warning that otherwise
its license would be revoked.
Over the first nine months of 2011 SCPEC made 86 ruling to impose 230
million drams penalties for different violations. Amendments passed
to the relating law in May of 2011 vested SCPEC with broader powers
allowing it to toughen sanctions and penalties against companies for
breaches of the law.