State Commission On Economic Competition Targets Armenia’s Large Bus

STATE COMMISSION ON ECONOMIC COMPETITION TARGETS ARMENIA’S LARGE BUSINESS – CHAIRMAN

news.am
June 14, 2012 | 15:11

YEREVAN. – The Armenian State Commission for the Protection of Economic
Competition (ASCPEC) has targeted the large business by issuing huge
fines, ASCPEC Chairman Artak Shaboyan said Thursday speaking at a
conference entitled “Competition, Restrictions and Solutions.”

Shaboyan recalled that huge fines were issued in the recent months
against Armenia’s several large businesses.

“[But] Our fines have a preventive implication, so that we may prevent
the misuse of dominant position,” stated Shaboyan.

Also, he noted that they largely highlight the elimination of the
violation, in addition, they apply a number of legislative criteria,
and a special code is being developed with reference to the methodology
for setting the amount of the fines.