410.96 EUR 
Armenian companies fined total of AMD 244 mln by regulator in 2012
YEREVAN, December 25. /ARKA/. Armenia’s State Commission for Protection of Economic Competition penalized a total of 244 million drams in 2012, the head of the Commission Artak Shaboyan told journalists Tuesday. The total fine amount was 351 million drams in 2011.
Shaboyan said that the Commission has made 214 decisions on unfair competition in 2012 as compared to 30 decisions in the previous years.
The Commission did a lot of work: it studied markets of medicine, petrol, diesel oil, fertilizers, milk and meat products, and transport and communication services during the year, Shaboyan said.
Decisions were made on big companies, like Electrical Networks of Armenia, South Caucasus Railway, ArmenTel and Haypost.
It is important for the Commission to follow up the appeal process, he said. The court has already made verdicts on there out of seven appeals, and all the verdicts are in favor of the Commission, the head of the Commission said. –0--
16:51 25.12.2012
