Four Armenian freight companies fined AMD 100 million
27.05.2011,
20:55
On Friday, Armenian State Commission for Protection of Economic Competition fined four shipping companies for ungrounded increase of prices.
YEREVAN, May 27. /ARKA/. On Friday, Armenian State Commission for Protection of Economic Competition fined four shipping companies for ungrounded increase of prices.
Chors Enker company was fined AMD 55, SOHO company AMD 30 million, Prof Improtex AMD 10 million and Nanis AMD 5 million.
These companies ought to submit information confirming payment of fines within ten days.
Artak Shaboyan, chairman of the antitrust commission, said that these companies were fined for anticompetitive collusion.
He said that representatives of these companies, explaining the increase, have said that this step was prompted by raised salaries, increased prices for leasing storehouses and shipment expenses. However, no papers confirming it have been submitted.
“We were concurrently conducting our monitoring and examining price-making mechanisms, but found no objective reasons for increase,” Shaboyan said.
Prices for shipment of cargoes from Turkey and China were raised twice. Traders, unhappy about the price rise, have repeatedly staged protests. -0-
Chors Enker company was fined AMD 55, SOHO company AMD 30 million, Prof Improtex AMD 10 million and Nanis AMD 5 million.
These companies ought to submit information confirming payment of fines within ten days.
Artak Shaboyan, chairman of the antitrust commission, said that these companies were fined for anticompetitive collusion.
He said that representatives of these companies, explaining the increase, have said that this step was prompted by raised salaries, increased prices for leasing storehouses and shipment expenses. However, no papers confirming it have been submitted.
“We were concurrently conducting our monitoring and examining price-making mechanisms, but found no objective reasons for increase,” Shaboyan said.
Prices for shipment of cargoes from Turkey and China were raised twice. Traders, unhappy about the price rise, have repeatedly staged protests. -0-
