SCPEC IMPOSES A SECOND FINE ON ALEX GRIG FOR NOT PROVIDING INFORMATION IN TIME
Tert.am
19.05.10
By a May 19 ruling the State Commission for Protection of Economic
Competition of the Republic of Armenia decided to impose a 500,000
AMD fine on three local Armenian companies for not providing the
Commission with the required information in time or for providing it
with incomplete information.
These companies are Etalon Trade, Arshensan and Alex Grig, which are
importing sugar and butter inter alia.
The Commission had monitored the sugar and butter market and had
required the above-mentioned companies to provide it with certain
information as to the price, quantity of imports. But the latter had
failed to do so.
The Commission required those three companies to provide the
information required in a 10-day period.
By another ruling earlier today the Commission imposed the heaviest
fine under the law (2.5b AMD) on Alex Grig for dishonest competition
in the local market of alcoholic drinks.