YEREVAN, October 26. /ARKA/. Armenia’s State Commission for Protection of Economic Competition has fined 112 economic entities for the first nine months of this year, Artak Shaboyan, the chairman of the commission, said Friday as met with Ukrainian Ambassador to Armenia Ivan Kukhta.
He said that the number of such decisions is growing from year to year. The commission made 31 decisions in 2008, 25 in 2009, 106 in 2010 and 198 in 2011.
Shaboyan told the ambassador that the fine size has grown as well – from AMD 3 million in 2008 to AMD 351 million in 2012.
He also said that 20 decisions were appealed in 2011 and five in 2012. Of them, 17 remained in force and seven are still in court. Not a single decision of the commission has been voided by court.
Kukhta, on his side, said that Ukraine is interested in a closer cooperation between the two countries’ antitrust agencies. This will strengthen also trade and economic ties between the countries. -0-