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State Commission On Economic Competition Targets Armenia's Large Bus

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  • State Commission On Economic Competition Targets Armenia's Large Bus

    STATE COMMISSION ON ECONOMIC COMPETITION TARGETS ARMENIA'S LARGE BUSINESS - CHAIRMAN

    news.am
    June 14, 2012 | 15:11

    YEREVAN. - The Armenian State Commission for the Protection of Economic
    Competition (ASCPEC) has targeted the large business by issuing huge
    fines, ASCPEC Chairman Artak Shaboyan said Thursday speaking at a
    conference entitled "Competition, Restrictions and Solutions."

    Shaboyan recalled that huge fines were issued in the recent months
    against Armenia's several large businesses.

    "[But] Our fines have a preventive implication, so that we may prevent
    the misuse of dominant position," stated Shaboyan.

    Also, he noted that they largely highlight the elimination of the
    violation, in addition, they apply a number of legislative criteria,
    and a special code is being developed with reference to the methodology
    for setting the amount of the fines.

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