GROWTH IN PRICES OF SOME GOODS REGISTERED IN ARMENIA IN<br /> RECENT DAYS <br />


GROWTH IN PRICES OF SOME GOODS REGISTERED IN ARMENIA IN
RECENT DAYS

  • 27-02-2008 18:00:00   | Armenia  |  Economy
YEREVAN, FEBRUARY 27, NOYAN TAPAN. The monitoring unit of the RA State Commission on Protection of Economic Competition responded to the growth in prices of some goods in recent days. For that reason, at the February 27 sitting the commission warned economic entities to refrain from raising prices unreasonably by concluding anticompetitive agreements or abusing their dominating position. Besides, the commission decided the make monitoring most intensive by expanding the list of essential goods subject to monitoring to 20 and increasing the monitoring frequency to a monitoring every other day. The commission discussed the application of Jermuk Mother Plant company, according to which the mineral water producing Rosal and Manuk companies violate the law by using bottles, which are trade marks registered under the name of diokontuk at the intellectual property agency, for the sale of their production. A fine of 500 thousand drams (about 1,600 USD) was imposed on these companies. Yerevan Water company had applied to the commission, saying that by a notice of January 1, 2008 Nairit plant informed the company that it fixed the sale price of 1 ton of liquid chlorine at 684 thousand drams instead of the previous 350 thousand drams without presenting any economic substantiation. Yerevan Water indicated that Nairit is the only liquid chlorine producer in Armenia, has a monopoly position so the plant's action can be considered as abuse of its dominating position. During the proceedings initiated by the commission, Nairit informed the commission that it complied with the request of Yerevan Water and left the sale price of 1 ton of liquid chlorine unchanged.
  -   Economy