YEREVAN, NOVEMBER 2, NOYAN TAPAN . Within the next 10 days, a list of 200 measures developed as a result of 5 consultations of the RA Economic Council (composed of the RA prime minister, the chief advisor to the RA president on economic issues, the minister of finance and economy, the minister of trade and economic development, and the chairman of the Central Bank of Armenia) will be submitted to the Armenian government. The list contains legislative proposals aimed at reducing the shadow circulation and bringing the powers of the RA State Commission on Protection of Economic Competition (SCPEC) into line with market realities and the development level of the Armenian economy. The RA Minister of Trade and Economic Development Karen Chshamaritian stated this at the round table "Foreign Currency Depreciation Impact on Economic Development, Particilarly on Export" held in Yerevan on November 1. In the minister's words, "today the SCPEC is rather an antimonopoly commission". He said that with the assistance of the Armenian-European Policy and Legal Advice Centre (AEPLAC), the RA Ministry of Trade and Economic Development is developing a draft law on advertising. In case of its adoption, the power of control over advertising will be transferred to the SCPEC. "Our task is to transform this commission from an antimonopoly one into a real commission on protection of economic competition," he noted.

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