YEREVAN, OCTOBER 17, NOYAN TAPAN. The draft decision on the results of the study of falsifying prices in the wheat and flour market was discussed at the October 17 sitting of the RA State Commission on Protection of Economic Competition. As a result of the commission's monitoring of several shops in Yerevan, some disproportionate changes, as compared with international prices, in the sale prices of wheat flour were revealed. The sudies showed that the average price of 1 kg of high-quality flour made 387 drams in May 2008, 385 drams in June, and 376 drams in July, while due to inflation in August the price of 1k of flour reached 380-400 drams. During the sitting, the commission decided to start studies in the bread market, among the biggest bread producers. The commission will also conduct studies in the railway commodity transportation market. Then the commission addressed the results of the studies of the rice market, which were conducted based on monitoring, according to which the prices were constantly going up in the rice market. The studies showed that Alex Grig company and private businessman F. Karapetian made relatively large investments in the rice market in the second half of 2008. A comparison of the rice prices in international and domestic market indicated that in Armenian shops, rice is sold at prices which exceed 1.7-2.5fold their cost price. Taking the market situation into account, the commission made a decision to inform the RA State Revenue Committee on the results of the proceeding to ensure a proper filfilment of tax obligations. The RA Prosecutor General's Office was also informed with the aim of discussing the possible violations of the legislation by the companies that stopped their activities.

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