ARMENIAN ECONOMIC COMPETITION PROTECTION COMMISSION TO TIGHTEN PRICE CONTROL

news.am
Dec 18 2009
Armenia

At its December 17 sitting the RA Commission for Protection of Economic
Competition decided to tighten control over prices for and sales of
a number of consumer products.

The Commission’s press service told NEWS.am that the results of the
Commission-conducted monitoring show an upward trend in the market
prices for petrol, diesel fuel, medicines, vegetable oil, butter and
sugar. The Commission is taking measures to prevent economic entities
from breaking the law by practicing unjustified price rise and has
demanded that economic entities to properly justify each case of
price rise.

Specifically, in the petrol market this principle will apply to the
Flash Ltd., City Petrol Group Ltd., Mika Corporation, Kagh Petrol
Service; in the drug market, these are Natali Pharm, Alphapharm,
Argopharm, as well as 22 other companies; in the vegetable oil market,
Alex-Grig, Dost International, and others; in the sugar market, Alex
Grig; in the egg market Lusakert Ltd., Arax Ltd., Arzni Pedigree Ltd.