NO PRICE RISE RECORDED ON ARMENIA’S COMMODITY MARKETS

ARKA News Agency, Armenia
Dec 24 2007

YEREVAN, December 24. /ARKA/. The RA State Commission for Protection
of Economic Competition has not recorded a rise in prices on Armenia’s
commodity markets.

The Commission continues price monitoring on almost 30 commodity
markets on the New Year eve.

The Commission has not recorded any rise in prices except for a 200-300
AMD (less than $1) rise in the price for bananas. After studying the
economic entity’s explanations, the Commission will determine its
further steps.

The monitoring involves the trade outlets working in the general
taxation regime, particularly supermarkets. The monitoring was started
on December 15, 2007, to last until January 15, 2008.

The Commission decided to conduct monitoring of 30 commodity markets in
the context of the AMD revaluation against the USD and the price rise
recorded on the eve of the New Year holidays during previous years,
to protect consumers’ rights and prevent anticompetitive activities.

The Commission is to publish the monitoring results after January 20,
2008.