Is "leniency programme" applicable in Armenia?

August 31, 2009 - 19:51 AMT
PanARMENIAN.Net - State Commission for Economic Competition Protection conducts a poll on methods of competition regulation, published at its official website, SCECP press service reported. The Commission prepares legislative changes stipulating for "leniency programme" implementation, offered by European experts. The programme stipulates for extenuating responsibility in case the business entity, as a party to anti-competition agreement, informs the Commission and provides the facts pertaining to the agreement. Also, experts suggest increasing the fine from 2% to 10% of last year's income, the practice applied in developed European states.



According to statistics, about 80% of anti-competition agreements were discovered in states applying leniency program.
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