// IP Marketing video - START// IP Marketing video - END

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
He said that his government would also focus on fighting corruption and "eliminating all barriers that impede business from developing".
“We have a simple problem:we prepare 400-500 specialists each year, while there is demand for 2000 professionals," he said.
At Shirak airport in the northern Armenian town of Gyumri, traffic soared by 150% in the reporting period against 2016.
“The investments will be spent to build a canning factory and slaughterhouses, expand greenhouse farms,” Ignati Arakelyan said.
Partner news