DO YOU HAVE HEART REMORSE?

A1+
[05:24 pm] 19 December, 2006

The filling stations belonging to businessman Michael Baghdasarov
sell one-ton cement produced in their factory 12 000 AMD higher than
its cost price.

The representatives of "Mika-Cement" tried to persuade the State
Commission for the Protection of Economic Competition that it is
not superprofit.

"I have no connection with the cement sold in the filling stations. I
am the head of "Mika-Cement", announced Naira Martirosyan, director
of the company.

The latter didn’t want to accept the fact that when the cement having
28 000 AMD cost price is sold at 40 000 AMD, it is already superprofit.

Naira Martirosyan kept on complaining that their expenses have
increased as a result of gas price augment.

"Gas price increase has resulted in the increase of metals and spares",
she continued saying that Armenian cement is the cheapest and the
best in the whole region.

Mrs. Martirosyan claims that the cement of Ararat and Hrazdan plants
fully suffices the needs of interior market and is exported to Georgia
and Iran.

The State Commission for the Protection of Economic Competition
also referred to other cases when the heads of companies or
factories increased the prices of certain goods de facto without
any documentation.

For instance, the cost price of an egg is 32 dram, whereas its market
price is 71 dram. "Do you have heart remorse? Can the egg be sold
at such a high price in the country which exports eggs to other
countries", announced Mr. Shahnazaryan, head of the Commission.