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SCPEC PENALIZES MOKONAT IN THE AMOUNT OF 20 MILLION DRAMS FOR ABUSE OF DOMINATING POSITIONS
ARKA
Sep 19, 2011
YEREVAN, September 19. / ARKA /. Armenia's State Commission for
Protection of Economic Competition (SCPEC) ruled today to penalize
Mokonat company in the amount of 20 million drams for abuse of its
dominating positions at the market.
A study commissioned by SCPEC found that for a long time this company
sold instant coffee at different prices, using actually a dumping
in a bid to oust its rivals from the market. As a result it took a
dominant position in terms of instant coffee imports.
The Commission's experts made an interesting discovery. Particularly,
according to the submitted documents, the company paid 820 drams
per one box of coffee but sold it at 620 drams, but after reaching
the leading position in the market, the company dramatically raised
the price four times for the same coffee to 3,3000 drams. The study
showed that this company acted with apparent violations of law and
received super profits.
The Commission also found that purchase and sale prices obviously did
not correspond to actual market prices. This in view the Commission
sent the files to the State Revenue Committee. Mokonat has also shares
in imports of frozen fish, frozen meat and rice. ($ 1 - 375.3 drams).
ARKA
Sep 19, 2011
YEREVAN, September 19. / ARKA /. Armenia's State Commission for
Protection of Economic Competition (SCPEC) ruled today to penalize
Mokonat company in the amount of 20 million drams for abuse of its
dominating positions at the market.
A study commissioned by SCPEC found that for a long time this company
sold instant coffee at different prices, using actually a dumping
in a bid to oust its rivals from the market. As a result it took a
dominant position in terms of instant coffee imports.
The Commission's experts made an interesting discovery. Particularly,
according to the submitted documents, the company paid 820 drams
per one box of coffee but sold it at 620 drams, but after reaching
the leading position in the market, the company dramatically raised
the price four times for the same coffee to 3,3000 drams. The study
showed that this company acted with apparent violations of law and
received super profits.
The Commission also found that purchase and sale prices obviously did
not correspond to actual market prices. This in view the Commission
sent the files to the State Revenue Committee. Mokonat has also shares
in imports of frozen fish, frozen meat and rice. ($ 1 - 375.3 drams).