CLAIM REJECTED

12/argo-farm
02:10 pm | February 12, 2010

Economy

The State Commission for the Protection of Economic Competition
(SCPEC) studied the administrative claim of Argo Farm Company.

Argo Farm is one of the seven companies that were fined for advancing
prices of some medicines including those of antivirus, cardiovascular
in September-November 2009.

Under a December 21 decision of the Commission, the companies were
fined over 450 million drams.

The Commission found the company’s claim to annul the SCPEC decision
as groundless and rejected the claim.