Armenia’s antimonopoly commission fines companies a total of 132 mln drams in 2013

Armenia’s antimonopoly commission fines companies a total of 132 mln drams in 2013

YEREVAN, December 26. /ARKA/. Armenia’s commission for protection of economic competition fined economic entities a total of 132 million drams in 2013, chairman of the commission Artak Shaboyan reported.

The commission made a total of 415 decisions in 2013, of them 144 on measures to hold responsible the respective companies, Shaboyan said. Under the commission’s decisions about 150 million drams were seized, he told a press conference Wednesday.

According to earlier reports, the commission fined a total of about 244 million drams in 2012, 34% less than in 2011.

During 2013 the commission revealed a number of anti-competitive agreements in state procurement sector.

Eight companies were fined, including Yereknuk, Amaras Yus and Sear Group for anti-competitive agreements on state procurements for orphanages, homes for elderly and boarding schools, a total of 45 million drams, he said.

The commission findings on these companies will be sent to the ministry of finance, after which will be deprived of the right to take part in state procurements for a year.

The commission has also found out cases of abuse of market domination in imports and sales of medicines, transport, landline communication and interregional passenger transportation and others. ($1 – 405.28drams). –0--

12:34 26.12.2013

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