Armenia’s anti-monopoly commission submits market monitoring results to state revenue committee
11.03.2009,
01:36
Armenia’s State Commission for the Protection of Economic Competition (SCPEC) today submitted results of the March 3-6 market monitoring to the State Revenue Committee.
YEREVAN, March 10. /ARKA/. Armenia’s State Commission for the Protection of Economic Competition (SCPEC) today submitted results of the March 3-6 market monitoring to the State Revenue Committee.
After studying unreasonable price hikes in some of the local markets, SCPEC filed lawsuits against several economic entities.
Last week, prices of sugar, butter, vegetable oil and some other staples were higher in regions than in Yerevan.
SCPEC is carrying out a monitoring of regional markets as well.
On March 3, the Central Bank of Armenia (CBA) officially announced retrieval of the floating currency exchange rate. According to CBA experts, the average weighed Armenian dram/U.S. dollar exchange rate mat range from 360 drams and 380 drams per $1.
Concerned about possible price hikes, people rushed to groceries and supermarkets to buy up staples, creating a feverish demand for butter, vegetable oil, sugar and other goods.
Making use of the situation, some traders increased staples prices in local markets. After a scrutiny, SCPEC filed lawsuits against traders of vegetable, butter, household appliances and medicines.
According to the commission, sugar and flour prices have returned to their former notch in local markets. –0--
After studying unreasonable price hikes in some of the local markets, SCPEC filed lawsuits against several economic entities.
Last week, prices of sugar, butter, vegetable oil and some other staples were higher in regions than in Yerevan.
SCPEC is carrying out a monitoring of regional markets as well.
On March 3, the Central Bank of Armenia (CBA) officially announced retrieval of the floating currency exchange rate. According to CBA experts, the average weighed Armenian dram/U.S. dollar exchange rate mat range from 360 drams and 380 drams per $1.
Concerned about possible price hikes, people rushed to groceries and supermarkets to buy up staples, creating a feverish demand for butter, vegetable oil, sugar and other goods.
Making use of the situation, some traders increased staples prices in local markets. After a scrutiny, SCPEC filed lawsuits against traders of vegetable, butter, household appliances and medicines.
According to the commission, sugar and flour prices have returned to their former notch in local markets. –0--
