Armenian businesses fined AMD 250 mln in 2012

Armenian businesses fined AMD 250 mln in 2012

PanARMENIAN.Net - Armenia’s State Commission for the Protection of Economic Competition (SCPEC) adopted 214 decisions in 2012 regarding unscrupulous business entities, SCPEC chair said.

As Artak Shaboyan told Dec 25 press conference, the total amount of fines imposed on unscrupulous businesses amounted to about AMD 250 mln in 2012 against AMD 10 mln of the past years.

SCPEC head further noted that the number of disputed decisions grossed 7 in 2012, with 3 of them remaining unchanged.

 Top stories
“Government’s policy line of boosting the NPP’s safety and building a new power unit remains unchanged,” Armen Movsisyan said.
In turn, Armenia will provide $500 thousand in abolished taxes and duties for imported equipment and pipes.
Armenia’s rich cultural, historical and Christian heritage will be presented in travel guides and maps in Russian during the exhibition.
The contract terms stipulated by companies allowed them to charge subscribers for the period when no internet service was provided.
Partner news