STATE COMMISSION FOR PROTECTION OF ECONOMIC COMPETITION TO ESTABLISH RIGID CONTROL IN CONSUMER GOODS MARKETS

NOYAN TAPAN
NOVEMBER 17, 2009
YEREVAN

YEREVAN, NOVEMBER 17, NOYAN TAPAN. The measures to reveal violation
of competition rules in the markets of several consumer goods, and
the issue of initiating legal proceedings in the medicine market were
discussed at the November 17 sitting of the RA State Commission for
the Protection of Economic Competition.

The checks conducted by the Commission to examine the sale prices of
goods of social importance show certain tendencies to growth in sale
prices on gasoline, diesel oil, medicines, vegetable oil, butter and
granulated sugar markets in recent period. Taking into account the
fact that every year the sale prices of a number of consumer goods
tend to rise in the period before New Year, the Commission will
rigidly control the behavior of economic entities in the indicated
markets and undertake measures on the prevention and disclosure of
the possible violation of law due to an unfounded rise in prices
by economic entities that account for a large share of sales in the
indicated markets.

By instructions of the Commission, in the period of November 20 to
December 31, in each case of a rise in prices, the economic entities
with the largest share of sales in gasoline, diesel oil, medicine,
vegetable oil, butter, and granulated sugar markets shall present,
within two days, information about the size of the price growth,
its reasons, or other circumstances that caused the necessity to
raise prices.