  Authorities of State Commission for Protection of Economic Competition to be increased according to new billNovember 22, 2010 - 18:34 AMT PanARMENIAN.Net - Armenian government has approved the draft law on amendments to the law on protection of economic competition. The bill has already been submitted to National Assembly’s consideration, according to Artak Shaboyan, chairman of the State Commission for Protection of Economic Competition (SCPEC). As he noted at Tsakhkadzor-hosted seminar on the issues of economic competition, the amendments envisage hardening of penalties for violation of competition laws as well as increase of the Commission authority. “In case of unfair competition, the entity will be fined at 0,1% of last year’s income, with the minimum penalty amount decreased to AMD 300 thousand,” Shaboyan stated.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news The Power of One Dram to benefit Road of Life charity  The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization.Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia.Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |
