SCPEC decides against fining elevator operating company
16.05.2014,
18:21
Artak Shaboyan, chairman of Armenia’s State Commission for Protection of Economic Competition (SCPEC), said today it has decided against penalizing Nor Nork Verelak company after the latter agreed to revise downward the price it charged residents of a Yerevan district for using elevators in their high-rise residential buildings.
YEREVAN, May 16. / ARKA / Armenia’s State Commission for Protection of Economic Competition (SCPEC) has decided today against penalizing Nor Nork Verelak company after the latter agreed to revise downward the price it charged residents of a Yerevan district for using elevators in their high-rise residential buildings.
He said the company was given one week to conclude new contracts with all the residents and reduce the price by 10 percent.
The SCPEC acted on a series of complaints from the residents and disregarded the company’s arguments that the price rise was prompted by increasing maintenance costs and higher taxes. A SCPEC study found that the 35 percent rise was ungrounded.
Nor Nork Verelak is the only company in Nor Nork district in Yerevan operating 492 elevators in high-rise residential buildings. The company closed the last year with a 2 percent profit. A family paid 450 drams a month for using elevators before the company rose the price.
The State Commission for Protection of Economic Competition says it has a hotline number -010- 54-40-04- for the citizens to make their proposals or report a problem. -0-
