CONTROL OF ECONOMIC ENTITIES’S ACTIVITIES TO BE TIGHTENED IN 2010

NOYAN TAPAN
SEPTEMBER 24, 2009
YEREVAN

YEREVAN, SEPTEMBER 24, NOYAN TAPAN. The 2010 program was discussed at
the September 24 sitting of the RA State Commission for the Protection
of Economic Competition. The program presents the republican policy
on competition, the definition of the competition environment
and situation in various branches of the economy, and the economic
competition control mechanisms aimed at promoting competition in the
current conditions.

The Commission Chairman Ashot Shahnazarian told reporters during a
briefing that next year the Commission is going to tighten control of
the activities of economic entities and use stricter penalties against
entities that commit violations. The Commission also envisages to
take a number of measures: to expand the database, reveal, prevent
and ban anticompetitive agreements, cases of unfair competition,
violations by economic entities with a dominant position in the market,
raise the awareness of the population, and improve the legislation
on competition. The Commission will continue to actively cooperate
with international organizations.

Speaking about the 2009 programs, A. Shahnazarian said he does not
consider the results of this year satisfactory because the global
crisis has affected their implementation. To encourage work of
economic entities, the government has decided to temporarily suspend
inspectorial checks at small and medium enterprises.

This year the Commission in cooperation with international bodies
has done work on the development of legislative drafts and the
improvement of the current methodology. According to A. Shahnazarian,
the Commission will soon submit several legislative drafts to the
government for discussion.