COMMISSION ON PROTECTION OF ECONOMIC COMPETITION INITIATES PROCEEDING BASED ON MASS MEDIA PUBLICATIONS
14402
Noyan tapan
jUNE 11, 2008
YEREVAN, JUNE 11, NOYAN TAPAN. At the June 11 sitting, the RA State
Commission on Protection of Economic Competition initiated a proceeding
based on the publications in Aravot daily and ,
according to which nitrogen fertilizer is sold for 9,500-15,00 drams in
the market, whereas the state gives a subsidy for this commodity. Some
big economic entities explained to reporters that they sell fertilizer
for 5,050, 6,200 and 6,800 drams.
According to a press release submitted to NT, the commission recently
examined the structure of the nitrogen fertilizer market and by the May
27 decision, it considered Dvin Holding-Azotinvest companies as a group
of persons with a dominating position and put them on the respective
register (Dvin Holding is one of the founders of Azotinvest operating
in the given market, which, under the RA Law on Protection of Economic
Competition, means that these two companies are to be considered as
a group of persons and they operate as one economic entity in the
market). Dvin Holding-Azotinvest group of persons occupies 81.2%
of the market.
The Commission also discussed Shen-Concern company’s application
about decentralization. Shen-Concern informed the Commission that
one of its shareholders intends to sell its stake to two other big
shareholders. In accordance with the RA Law on Protection of Economic
Competition, the company presented the decentralization declarations
of its three big shareholders in anticipation of receiving permission
for concluding this deal.
Having examined the presented documents, the Commission came to the
conclusion that the given deal is made within a company, so it will
ot affect the competition field. It was decided to end the proceeding.