RA antimonopoly body to toughen sanctions against enterprisesSeptember 6, 2010 - 14:38 AMT PanARMENIAN.Net - Chairman of the State Commission for the Protection of Economic Cooperation (SCPEC) Artak Shaboyan said that SCPEC has developed a bill aimed at increasing the Commission’s efficiency and submitted it to relevant institutions. The bill focuses on amounts of sanctions applied against enterprises violating the principles of fair competition, Shaboyan told a briefing on August 6. As a result of SCPEC monitoring, the Commission adopted a decision on sanctions against 13 unfair enterprises dealing with production and sale of ice-cream, meat products and napkins which do not mention production and expiration dates of their products. According to Shaboyan, eight enterprises were fined at the amount of AMD 500,000 each, while 5 enterprises were warned. Shaboyan agreed that the amount of fines is insignificant as compared with those applied in international practice, thus repeat violation of the law is possible. “We have developed a bill together with the World Bank that is aimed at increasing the Commission’s efficiency. It was submitted to relevant institutions last week for joint discussions, after which the bill will be submitted to the RA government,” Shaboyan said. 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 | Armenia-Qatar ties discussed in Doha The Secretary of Armenia’s Security Council met with the Deputy Secretary General of the National Security Council of Qatar. ARARAT special evening dedicated to Aznavour's 100th Anniv. On May 20 ARARAT legendary Armenian brandy, celebrated the centennial of Maestro Charles Aznavour with a special event. Surveying works underway in Armenia’s Kirants Surveying works are underway in the Armenian village of Kirants in the northern Tavush province. Armenia calls for prohibiting threats of attacks on nuclear facilities Armenia has raised the need for a treaty prohibiting attacks on nuclear facilities devoted to peaceful purposes. |