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.