ARMENIAN GOVERNMENT PROPOSED TO TOUGHEN THE LAW "ON PROTECTION OF ECONOMIC COMPETITION"

Mediamax Agency, Armenia
Feb 20 2007

Yerevan, February 20 /Mediamax/. Armenian government presented to
the consideration of the parliament a draft law "On making changes
and amendment to the law "On protection of economic competition"".

As the Deputy Minister of Trade and Economic Development of Armenia
Armen Gevorkian stated today, the given draft law is worked out,
taking into consideration the practical work of the commission, the
antimonopoly policy of the European states, as well as the present
stage of economic development of the country. According to Armen
Gevorkian, the draft law is to protect the rights of the consumers
and to increase the efficiency of the law "On economic competition".

It determines the possible manifestations of unfair competition,
abuse of the dominating position on the market and the kinds of abuse.

The Deputy Minister also stated that the law toughens the measures
of punishment and administration. According to him, in case the law
is approved, the Commission on Economic Competition of Armenia will
gain additional controls to secure the competition in the country.

From: Emil Lazarian | Ararat NewsPress