Panorama.am
18:16 19/10/2007
UNCOMPETITIVE ARRANGEMENT
Economic competition protection state committee session unveiled today
that the economic subjects have violated law by raising the prices of
natural oil and butter. In accordance with the committee decision,
those companies which have violated the law must pay a fine of 2% of
their profit from oil in 2006. The committee issued no decision on
lowering the prices of the mentioned products.
The sharp rise in natural oil was caused by an uncompetitive
arrangement reached among companies. `Compared to the international
prices, in our republic the prices went up several times more. That’s
why we had to take up measures,’ Committee Chairman Ashot Shahnazaryan
said.
Source: Panorama.am