328 MILLION DRAMS TO BE FINED

14:18:45 – 10/04/2009
LRAGIR.AM

Today, during its regular session the Armenian State Committee for
Economic Competition issued its report of the last year.

According to the report, the Commission studied 29 trade markets and
exercised control in 102 markets in 2008.

The commission managed to reveal possible cases of power abuse and
anti-crisis agreements, which might have caused a groundless price
rise.

In accordance with the 14 decisions taken by the commission on the
fining system in 2008, the sum subject to be fined counts 327 915 380
drams, 105 682 379 of which will be allocated to the state budget. The
whole sum subject to be fined in result of 20 applications presented
to the courts is 326 365 380 drams. 17 applications were presented
against the committee with 324 750 000 dram, the press office of the
commission reports.